Used in pharmaceutical research as a key intermediate in the synthesis of various biologically active compounds. It is particularly valuable in the development of kinase inhibitors, which are crucial for treating cancers and other diseases. The compound's structure allows for modifications that enhance its binding affinity to target proteins, making it a versatile building block in drug discovery. Additionally, it is employed in the study of enzyme mechanisms and signal transduction pathways, aiding in the understanding of cellular processes and potential therapeutic interventions.