Used in pharmaceutical research as a key intermediate in the synthesis of various biologically active compounds. Its structure is valuable in developing drugs with potential antibacterial, antiviral, and anticancer properties. The compound is also explored in organic synthesis for creating complex molecules with specific therapeutic applications. Researchers utilize it to study structure-activity relationships in drug design, aiming to enhance efficacy and reduce side effects. Its applications extend to material science, where it contributes to the development of fluorescent dyes and sensors.