Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceuticals targeting kinase inhibition. It plays a role in the development of anticancer agents due to its ability to interact with specific enzyme pathways involved in cell proliferation. Its structure supports binding to ATP sites in kinases, making it valuable in designing inhibitors for targeted cancer therapies. Also utilized in the preparation of functionalized aromatic compounds for use in medicinal chemistry research and drug discovery programs.