Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and anticancer agents. Its structure supports coordination with metal ions, making it valuable in catalysis and the design of metal-based drugs. Also employed in the preparation of fluorescent probes and sensors due to its ability to enhance luminescent properties in coordination complexes. Commonly utilized in research settings for developing new bioactive molecules and in materials science for constructing functional supramolecular systems.