Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its structure supports binding to enzyme active sites, making it valuable in designing drugs targeting tyrosine kinases and other signaling proteins involved in tumor growth. Also explored in the creation of antiviral agents due to its ability to mimic nucleotide moieties in RNA and DNA metabolism. Commonly utilized in medicinal chemistry for scaffold modification to enhance drug potency and selectivity.