Used in pharmaceutical research for developing potential therapeutic agents, particularly in oncology for its role in inhibiting specific enzymes involved in cancer cell growth. It serves as a key intermediate in synthesizing compounds that target protein kinases, which are crucial in regulating cell functions. Additionally, it is explored in drug discovery for its potential anti-inflammatory and antimicrobial properties, making it valuable in designing new treatments for infections and inflammatory diseases. Its structural features also make it a candidate for studying neurodegenerative disorders by modulating biochemical pathways in the brain.