Used in biochemical research as a potent inhibitor of protein kinases, particularly cyclin-dependent kinases (CDKs), making it valuable for studying cell cycle regulation and cancer pathways. It serves as a lead compound in the development of anticancer agents due to its ability to induce apoptosis and halt tumor cell proliferation. Also employed in studies exploring neurodegenerative diseases, where kinase dysregulation plays a role. Its fluorescent properties support use in cellular imaging to track kinase activity and protein interactions.