Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and antiviral agents. Its structure supports the formation of biologically active molecules, making it valuable in medicinal chemistry for drug discovery. It is also employed in the preparation of fluorescent probes and sensors due to its favorable photophysical properties, useful in biochemical imaging and diagnostics. Additionally, it serves as a building block in the creation of agrochemicals and functional materials.