Used in pharmaceutical research as a key intermediate in the synthesis of bioactive compounds, particularly in the development of kinase inhibitors and antimicrobial agents. Shows potential in the design of molecules targeting inflammatory diseases and certain cancers due to its ability to modulate cellular signaling pathways. Also employed in the preparation of fluorescent probes for biochemical assays, leveraging its favorable photophysical properties. Its structural framework is of interest in medicinal chemistry for optimizing drug candidates with improved metabolic stability and target selectivity.