Used in organic synthesis as an intermediate for pharmaceuticals and dyes. Acts as a ligand in coordination chemistry for metal complex formation. Employed in the development of fluorescent probes due to its naphthalene backbone, which supports strong UV absorption and emission properties. Also utilized in the preparation of esters and amides for use in perfumery and agrochemicals. Shows potential in research related to sensor materials and optoelectronic applications. Additionally, studied in biochemical research to evaluate biological effects in cell models, though not yet widely used in medical applications.