Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. It plays a role in the preparation of active pharmaceutical ingredients (APIs) targeting inflammatory diseases and neurological disorders due to its ability to modulate specific enzyme activities. Its carboxylic acid functional group allows for easy derivatization, making it valuable in medicinal chemistry for creating amide and ester analogs during drug discovery. Also utilized in research settings to develop new bioactive molecules with potential antiviral or antiproliferative properties.