Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors for cancer treatment. Exhibits biological activity that supports its use in research for anti-inflammatory and central nervous system (CNS) active compounds. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies due to its rigid heterocyclic scaffold. Also utilized in the preparation of fluorescent probes for biochemical assays owing to its favorable photophysical properties.