Used primarily as a synthetic intermediate in pharmaceutical research, particularly in the development of bioactive molecules targeting kinase inhibition and anti-inflammatory agents. Its structure serves as a core scaffold in the synthesis of potential drug candidates, especially in medicinal chemistry programs focused on central nervous system disorders and cancer therapeutics. The compound's functional groups allow for easy modification, enabling the creation of diverse analogs for structure-activity relationship studies. It is also employed in the preparation of selective enzyme inhibitors due to its favorable binding properties with biological targets.