Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various drugs, particularly those targeting bacterial and parasitic infections. Its structure allows for modifications that enhance the efficacy of antimicrobial agents. Additionally, it is employed in the development of novel therapeutic compounds due to its potential in inhibiting specific enzymes or pathways critical to disease progression. Researchers also utilize it in the study of fluorescence properties, aiding in the design of diagnostic tools and imaging agents.