Used primarily in organic synthesis and materials science, this compound serves as a building block for pharmaceuticals and functional dyes. Its structure supports the development of photoactive materials, making it valuable in research related to organic light-emitting diodes (OLEDs) and sensors. It also acts as an intermediate in the preparation of acridine-based drugs, some of which exhibit antitumor or antimicrobial activity. Due to its electron-donating properties, it is explored in the design of charge-transport materials for electronic devices.