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• Fluorescent Probes: This compound is often used as a fluorescent marker in biological imaging, allowing researchers to visualize cellular processes with high sensitivity.
• Anticoagulant Development: Its derivatives are explored in the pharmaceutical industry for developing new anticoagulant medications, providing alternatives to traditional treatments.
• Photodynamic Therapy: The compound's properties make it suitable for use in photodynamic therapy, a treatment for certain cancers where light-activated drugs target and destroy cancer cells.
• Analytical Chemistry: It serves as a standard in analytical methods for quantifying other compounds, enhancing accuracy in various chemical analyses.
• Research on Enzyme Inhibition: This chemical is studied for its ability to inhibit specific enzymes, which can lead to advancements in understanding metabolic pathways and drug design.