Used in pharmaceutical research as a key intermediate in the synthesis of biologically active compounds. It is particularly valuable in the development of potential drug candidates targeting neurological disorders and cancer. The compound's structure allows for modifications that enhance binding affinity to specific receptors or enzymes, making it a versatile tool in medicinal chemistry. Additionally, it is employed in the study of kinase inhibitors, which are crucial for regulating cell signaling pathways. Its application extends to the exploration of new therapeutic agents with improved efficacy and reduced side effects.