Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors, which are crucial for treating various cancers and inflammatory diseases. Its structure is valuable in medicinal chemistry for designing molecules that target specific enzymes or proteins. Additionally, it serves as a building block in organic synthesis, enabling the creation of complex heterocyclic compounds with potential biological activity. Researchers also utilize it in the study of fluorescence properties, aiding in the development of probes for biochemical and cellular imaging applications.