This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It serves as a building block for developing compounds with potential therapeutic applications, particularly in the treatment of neurological disorders and infections. Its structure is often incorporated into drug candidates targeting GABA receptors, which play a crucial role in regulating brain activity. Additionally, it has been explored for its antimicrobial properties, showing promise in combating resistant bacterial strains. Researchers also investigate its use in creating fluorescent probes for biochemical studies due to its unique photophysical properties.