Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors for cancer treatment. Its structure allows for selective modification, enabling the creation of compounds that target specific signaling pathways involved in tumor growth. Commonly employed in research settings to design drugs with improved potency and selectivity against various oncogenic proteins. Also utilized in the preparation of antihypertensive and anti-inflammatory agents due to its favorable reactivity and stability in multi-step organic transformations.