Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors and anti-inflammatory compounds. Its structure supports the formation of heterocyclic scaffolds common in drug design, making it valuable in medicinal chemistry research. It is also employed in the preparation of biologically active molecules targeting central nervous system disorders and metabolic diseases. The ester functionality allows for further derivatization, enabling the optimization of pharmacokinetic properties in lead compounds.