Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and anti-inflammatory agents. It serves as a building block in medicinal chemistry due to its ability to interact with biological targets through hydrogen bonding and π-π stacking interactions. Also explored in the design of fluorescent probes for cellular imaging owing to its favorable photophysical properties. Its derivatives show potential in antimicrobial and anticancer research, making it valuable in drug discovery programs.