Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors for cancer treatment. Its structure supports binding to enzyme active sites, making it valuable in drug discovery for targeted therapies. Also employed in research settings to design compounds with anti-inflammatory and antiviral properties. The carboxylic acid group allows for easy derivatization, enabling the formation of amides and esters to optimize pharmacokinetic properties in medicinal chemistry projects.