Used primarily in pharmaceutical research as a key intermediate in the synthesis of bioactive compounds, particularly those targeting central nervous system disorders. Its structure supports the development of novel agents with potential anticonvulsant and neuroprotective properties. The compound's reactivity allows for derivatization to enhance blood-brain barrier penetration, making it valuable in designing CNS-active drugs. Additionally, it has been explored in the development of kinase inhibitors due to its ability to interact with enzyme active sites involving ATP binding pockets.