Used primarily as an intermediate in the synthesis of fluorescent dyes and optical brighteners, this compound plays a key role in the development of compounds used in imaging technologies and sensor materials. Its structure supports the formation of fluorophores, making it valuable in creating probes for biological labeling and detection. It is also employed in the preparation of specialty polymers with enhanced light-emitting properties, useful in certain electronic and photonic applications. Additionally, it has been explored in research settings for developing novel pharmaceuticals due to its reactivity and ability to form heterocyclic frameworks.