Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceutical research. It serves as a building block for developing central nervous system agents, including potential treatments for neurological disorders. Its structure allows for selective modifications, making it valuable in medicinal chemistry for creating novel drug candidates. Also utilized in the preparation of kinase inhibitors and compounds with anti-inflammatory properties. Commonly employed in research settings for structure-activity relationship (SAR) studies due to its stable scaffold and reactive sites.