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 participate in π-π stacking interactions, enhancing binding affinity to biological targets. Also employed in the preparation of antifungal and anti-inflammatory compounds. Its structural features make it valuable in optimizing drug candidates for improved solubility and metabolic stability.