Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of antibacterial and antiviral agents. Its structure supports binding to enzyme active sites, making it valuable in drug design for targeting specific microbial or viral proteins. Also explored in research for anticancer agents due to its ability to intercalate DNA and inhibit tumor cell proliferation. Commonly utilized in medicinal chemistry for structure-activity relationship (SAR) studies to optimize drug potency and selectivity.