Used in organic synthesis as a key intermediate for the development of various heterocyclic compounds. It plays a significant role in pharmaceutical research, particularly in the synthesis of potential drug candidates with antimicrobial, antifungal, and anticancer properties. Additionally, it is utilized in the study of enzyme inhibition and receptor binding activities, contributing to the discovery of novel therapeutic agents. Its structural properties make it valuable in the design of fluorescent probes and sensors for biochemical applications.