Used in pharmaceutical research as a key intermediate in the synthesis of bioactive compounds, particularly in the development of antibacterial and antiviral agents. Its structure supports the design of inhibitors targeting specific enzymes in microbial pathogens. Also explored in medicinal chemistry for its potential in creating novel heterocyclic compounds with therapeutic activity. Additionally, it serves as a building block in the preparation of fluorescent probes due to its favorable photophysical properties, useful in biochemical imaging and assay development.