Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors for targeted cancer therapies. Its structure allows selective binding to specific enzyme active sites, making it valuable in creating drugs that regulate abnormal cell signaling pathways. It is also employed in research settings to design compounds with improved metabolic stability and bioavailability. Additionally, derivatives of this compound are explored for anti-inflammatory and antiviral applications due to their ability to modulate biological targets involved in disease progression. Furthermore, it is used as a ligand in coordination chemistry to create transition metal complexes with special properties for accelerating reactions or detecting biomolecules.