Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and anticancer agents. It serves as a building block for compounds exhibiting biological activity, including those targeting tyrosine kinases involved in tumor growth. Also applied in research for designing new antimicrobial and anti-inflammatory molecules due to its ability to modulate enzyme activity. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for drug discovery and optimization.