Used in the synthesis of biologically active compounds, particularly in pharmaceutical research for developing potential anti-inflammatory and antimicrobial agents. Its structure serves as a key intermediate in creating heterocyclic compounds with therapeutic potential. Also employed in the development of fluorescent probes due to its ability to exhibit photoluminescent properties, useful in bioimaging and sensor technologies. Additionally, it has been investigated for its role in materials science, especially in designing organic semiconductors and optoelectronic devices.