Used in the development of fluorescent probes and sensors due to its strong fluorescence properties, particularly in detecting metal ions such as zinc and copper in biological systems. Its structure allows for high selectivity and sensitivity in aqueous environments, making it valuable in bioimaging and cellular imaging applications. Also employed as a building block in synthesizing more complex fluorophores for use in diagnostic assays and environmental monitoring. Shows potential in medicinal chemistry as a scaffold for designing enzyme inhibitors, especially in targeting proteases and kinases involved in disease pathways.