Used as a key intermediate in the synthesis of organic compounds, particularly in the development of pharmaceuticals and agrochemicals. It plays a role in the creation of acridine derivatives, which are studied for their potential applications in medicinal chemistry, including anti-cancer and anti-malarial agents. Additionally, it is utilized in materials science for the development of organic light-emitting diodes (OLEDs) and other optoelectronic devices due to its unique photophysical properties. Its structural framework is also explored in the design of fluorescent probes and sensors for biological and environmental monitoring.