Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceutical research targeting kinase inhibitors. Shows potential in the development of anti-inflammatory and anticancer agents due to its ability to interact with specific enzyme targets. Its structural framework is valued in medicinal chemistry for enhancing binding affinity and selectivity in drug design. Also employed in the preparation of fluorescent probes for biochemical imaging, leveraging its rigid heterocyclic system for improved optical properties.