Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of bioactive compounds with potential antitumor and antimicrobial properties. Its structure supports the formation of heterocyclic derivatives that are important in medicinal chemistry. Commonly employed in research settings for designing kinase inhibitors and fluorescent probes due to its favorable electronic and binding characteristics. Also utilized in the preparation of functional materials for optoelectronic applications, leveraging its luminescent behavior when incorporated into larger conjugated systems.