Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules with antioxidant and anti-inflammatory properties. It serves as a building block in the preparation of fluorescent dyes and optical brighteners due to its favorable photophysical characteristics. Also employed in the design of ligands for metal-catalyzed reactions, enhancing reaction efficiency in organic synthesis. Its structural motif appears in compounds investigated for antimicrobial and antitumor activities.