Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Shows potential in research for anti-inflammatory and antimicrobial agents due to its ability to interact with biological targets involved in cellular signaling. Also explored in the design of fluorescent probes for biochemical imaging because of its favorable photophysical properties. Its derivatives are studied for enhancing drug efficacy and selectivity in targeted therapies. Currently primarily used in laboratory research and not yet widely applied in clinical settings.