Used in organic synthesis as a key intermediate for producing various heterocyclic compounds. It plays a significant role in the development of pharmaceuticals, particularly in the creation of potential drug candidates with anti-inflammatory, antimicrobial, anticancer, and antioxidant properties. Additionally, it is utilized in the synthesis of fluorescent dyes and pigments, contributing to advancements in material science and imaging technologies. Its application extends to agrochemical research, where it aids in the development of novel pesticides and herbicides. Furthermore, it serves as a precursor for compounds used in the cosmetics and skincare industry, providing protection against UV radiation and free radicals.