Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and bioactive molecules. Its structure allows for functionalization at multiple sites, making it valuable in constructing complex aromatic and carbonyl-containing compounds. Commonly employed in reactions such as condensations, reductions, and cyclizations to form heterocyclic systems. Also utilized in the development of kinase inhibitors and anti-inflammatory agents due to its ability to mimic natural substrates in enzymatic pathways.