Used in pharmaceutical research as a key intermediate in the synthesis of bioactive molecules and drug candidates. Its structure supports the development of compounds with potential antiviral, antibacterial, anticancer, anti-inflammatory, and neurological properties. Commonly employed in the design of kinase inhibitors and other targeted therapies due to its ability to enhance binding affinity with biological targets. Derivatives show potential in inhibiting enzymes associated with chronic diseases. Also utilized in agrochemicals for developing pesticides and herbicides owing to its stability and reactivity. Serves as a building block in materials science for creating fluorescent dyes, optoelectronic materials, and as a fluorescent agent in bioassays and biomolecule analysis due to its fluorescence properties when excited by specific wavelengths.