Used in pharmaceutical research as a key intermediate in the synthesis of kinase inhibitors, particularly those targeting tyrosine kinases involved in cancer cell proliferation. Shows potential in the development of anti-tumor agents due to its ability to modulate signaling pathways in oncology studies. Also employed in the design of novel anti-inflammatory compounds owing to its structural affinity with bioactive heterocycles. Its carboxylic acid functionality allows for easy derivatization, making it valuable in medicinal chemistry for creating compound libraries for drug screening.