Used primarily in organic synthesis and pharmaceutical research, this compound serves as a key intermediate in the development of various bioactive molecules. It exhibits prominent fluorescent properties, making it a valuable fluorescent probe for tracking biological processes, such as monitoring molecules in cells or tissues. Its structure is particularly suited for creating compounds with potential anti-cancer and anti-inflammatory properties, including applications in DNA intercalation studies to understand genetic-level molecular interactions. Researchers use it to design and synthesize novel drugs targeting specific cellular pathways. Additionally, its versatility extends to material science, contributing to organic electronic materials with unique optical and electronic properties. Applications remain in the research and development phase, with further studies needed to confirm efficacy and safety.