Used in pharmaceutical synthesis as an intermediate for developing bioactive compounds, particularly in the production of antimicrobial and anti-inflammatory agents. Its heterocyclic structure makes it valuable in medicinal chemistry for building more complex drug candidates. Also employed in research settings to design kinase inhibitors and other targeted therapies. The hydroxyl group allows for easy derivatization, enabling the creation of esters, ethers, or conjugates to improve drug solubility or binding affinity.