Used as a key intermediate in the synthesis of pharmaceuticals, 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 stable complexes with metal ions and participate in hydrogen bonding, enhancing drug-receptor interactions. Commonly employed in the design of antitumor and anti-inflammatory agents. Also utilized in the preparation of fluorescent probes for bioimaging applications, leveraging its favorable photophysical properties. Its structural motif is found in compounds with antimicrobial and antiviral activities, making it valuable in drug discovery research.