Used as an intermediate in the synthesis of anticoagulant compounds, particularly in the production of certain vitamin K antagonists. Its structure supports derivatization for pharmaceuticals targeting blood clotting disorders. Also employed in research for developing novel naphthoquinone-based agents with potential biological activity, including antimicrobial and anticancer properties. The compound's quinone moiety enables redox activity, making it useful in studies involving electron transfer processes and enzyme inhibition. Additionally, it is utilized in research on fluorescent substances and organic materials for certain electronic devices due to its properties of absorbing and emitting light in specific wavelengths.