Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting the central nervous system. It plays a role in creating molecules with potential antipsychotic and antidepressant properties. Additionally, it is utilized in organic chemistry research for constructing complex heterocyclic structures, which are essential in medicinal chemistry and drug discovery. Its naphthalene moiety contributes to its use in fluorescent probes and materials science for studying molecular interactions and designing light-emitting materials.