Used primarily in pharmaceutical research as an intermediate in the synthesis of biologically active compounds. Shows relevance in the development of kinase inhibitors and other targeted therapies in oncology. Also utilized in the study of metabolic pathways due to its structural similarity to endogenous signaling molecules. Commonly employed in preclinical studies to evaluate anti-inflammatory and neuroprotective effects. Its derivatives are explored for potential use in treating neurodegenerative diseases and certain types of cancer.