Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors and antimicrobial compounds. Its structure supports the formation of complex heterocyclic systems, making it valuable in medicinal chemistry for designing bioactive molecules. It is also employed in the preparation of fluorescent probes due to its favorable photophysical properties, useful in biochemical imaging and sensor technologies. Additionally, it serves as a building block in the creation of novel organic materials with potential applications in optoelectronics.