Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors for cancer treatment. Its aldehyde functional group allows for easy derivatization, enabling the formation of imines or alcohols that are crucial in constructing biologically active molecules. Also employed in the preparation of heterocyclic compounds with potential antimicrobial and anti-inflammatory properties. Its structure serves as a scaffold in medicinal chemistry for optimizing drug potency and selectivity.