Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. It is also employed in the creation of bioactive molecules with potential anxiolytic and anti-inflammatory properties. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for drug discovery and optimization. Additionally, it serves as a building block in the design of novel heterocyclic compounds for use in biochemical research and the development of therapeutic agents.