Used in pharmaceutical research as a key intermediate in the synthesis of kinase inhibitors, particularly for targeting protein kinases involved in inflammatory diseases and cancer. It serves as a scaffold in developing compounds with high selectivity and potency, especially in the design of tyrosine kinase and cyclin-dependent kinase inhibitors. Also explored in medicinal chemistry for its potential in creating novel anti-tumor agents due to its ability to intercalate into DNA and inhibit cell proliferation. Additionally, derivatives of this compound are investigated for their antimicrobial and antiviral properties.