Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its ability to form hydrogen bonds and engage in aromatic interactions, enhancing binding affinity to target proteins. Its structure is often incorporated into drug candidates aiming at tyrosine kinase and cyclin-dependent kinase inhibition. Also explored in research for anti-inflammatory and neuroprotective agents.