Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antimalarial and anticancer agents. Its structure supports the formation of complex heterocyclic compounds that interact with biological targets such as enzymes and receptors. Also employed in research for fluorescent probes due to its ability to form derivatives with strong emission properties, useful in bioimaging and detection assays. Additionally, it serves in the preparation of ligands for catalytic metal complexes in organic transformations.