Used primarily as an intermediate in organic synthesis, especially in the production of pharmaceuticals and fine chemicals. Its structure supports the development of bioactive molecules, including potential antitumor and antimicrobial agents. It also serves in the synthesis of fluorescent dyes and sensors due to its ability to form conjugated systems that respond to environmental changes. In research, it acts as a ligand in catalytic reactions, enhancing selectivity and efficiency in metal-mediated transformations.