Used in pharmaceutical research as a key intermediate in the synthesis of kinase inhibitors, particularly in the development of anticancer agents. Its structure supports binding to specific enzyme active sites, making it valuable in designing drugs that target signaling pathways involved in tumor growth. Also explored in the preparation of anti-inflammatory and neuroprotective compounds due to its ability to modulate cellular responses. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies to optimize drug candidates.