Used in pharmaceutical research as a key intermediate in the synthesis of bioactive compounds, particularly in the development of kinase inhibitors and antitumor agents. Its structure supports binding to enzyme active sites, making it valuable in designing drugs that target cellular signaling pathways. Also explored in the creation of fluorescent probes due to the naphthalene moiety, enabling imaging applications in biological systems. Shows potential in medicinal chemistry for optimizing lead compounds with enhanced selectivity and metabolic stability.