Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors for cancer therapy. It serves as a building block in the preparation of bioactive molecules that target tyrosine kinases, which are involved in signal transduction pathways associated with tumor growth and proliferation. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for optimizing drug potency and selectivity. Additionally, it has been explored in the design of anti-inflammatory and antimicrobial compounds due to its favorable interactions with biological targets.