Used in pharmaceutical synthesis as an intermediate for developing bioactive compounds, particularly in the production of fluorescent probes and sensors due to its strong photophysical properties. Its structure supports conjugation with various biomolecules, making it valuable in labeling proteins and nucleic acids for imaging and diagnostic applications. Also employed in the development of organic semiconductors and optoelectronic materials because of its electron-transport characteristics and thermal stability. Commonly found in research settings for designing new therapeutic agents targeting neurological disorders and inflammation.