Used primarily in the field of organic synthesis, this compound serves as a key intermediate in the production of various dyes and pigments. Its structure is particularly valuable in creating fluorescent markers, which are widely utilized in biological and chemical research for tracking and imaging purposes. Additionally, it finds application in the development of optical brighteners, enhancing the appearance of materials like paper and textiles by increasing their whiteness and brightness. The compound’s unique properties also make it suitable for use in certain types of sensors, where it can help detect specific substances or changes in environmental conditions.