Used in pharmaceutical research as a key intermediate in the synthesis of kinase inhibitors, particularly targeting tyrosine kinases involved in cancer cell proliferation. Shows potential in developing anti-tumor agents due to its ability to intercalate into DNA and inhibit topoisomerase II activity. Also employed in the design of fluorescent probes for detecting metal ions in biological systems owing to its strong chelating properties with zinc and copper. Investigated for anti-inflammatory applications through modulation of NF-κB signaling pathways.