Used as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its structure supports the construction of more complex heterocyclic compounds with biological activity. Commonly employed in research settings to design new drug candidates, especially in medicinal chemistry targeting kinase inhibitors and anti-inflammatory agents. Also utilized in fluorescence-based assays due to its ability to act as a fluorophore in certain derivatives, making it valuable in biochemical labeling and detection methods.