Used primarily in organic synthesis, this compound serves as a building block for creating more complex molecules. It is particularly valuable in the development of fluorescent dyes and markers due to its anthracene core, which exhibits strong luminescence properties. Additionally, it finds applications in the production of advanced materials, such as organic semiconductors and light-emitting diodes (LEDs), where its electron-rich structure enhances performance. In research, it is employed as a precursor for studying photophysical and photochemical processes. Its amine group also allows for functionalization, making it versatile in designing targeted chemical probes and pharmaceuticals.