Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. It also serves in agrochemical formulations, contributing to the creation of fungicides and plant growth regulators. Its structure allows for easy modification in organic synthesis, making it valuable in research laboratories for developing new bioactive compounds. Additionally, it finds use in the preparation of fluorescent dyes and optical brighteners due to its ability to participate in conjugated systems.