Used as a key intermediate in the synthesis of selective kinase inhibitors, particularly in the development of anticancer agents. Its structure supports binding to ATP sites in kinases, making it valuable in pharmaceutical research for targeting tumor growth pathways. Also employed in the preparation of bioactive molecules with anti-inflammatory and neuroprotective properties. Widely applied in medicinal chemistry for structure-activity relationship (SAR) studies due to its ability to enhance solubility and target affinity.