Used in pharmaceutical research as a key scaffold for developing anticancer agents. Shows potential in inhibiting tubulin polymerization, which disrupts cell division in tumor cells. Also explored for its anti-inflammatory and antimicrobial properties, as well as for CNS-active drugs due to its ability to cross the blood-brain barrier, offering potential for treating neurological disorders such as Alzheimer's or Parkinson's disease.

Commonly employed in the synthesis of fluorescent probes due to its strong emission characteristics, useful in bioimaging and cellular labeling. It serves as a fluorescent agent in bioassays, exhibiting luminescence upon binding to proteins or nucleic acids, making it suitable for tracking biological processes in cells.

Investigated in materials science for optoelectronic applications because of its stable luminescence and electron-transport features.