Used in pharmaceutical research as a key intermediate in the synthesis of bioactive compounds, particularly in developing central nervous system agents and anti-inflammatory drugs. Shows potential in the design of kinase inhibitors due to its structural affinity for enzyme binding sites. Also employed in the development of fluorescent probes for biochemical imaging, leveraging its photophysical properties. Investigated for antimicrobial applications, with studies indicating activity against certain bacterial and fungal strains. Its scaffold is explored in medicinal chemistry for optimizing drug candidates with improved metabolic stability and target selectivity.