Used in pharmaceutical research as a key intermediate in the synthesis of biologically active compounds. It plays a significant role in developing potential drug candidates, particularly in the field of oncology and neurology. The compound is often utilized in the creation of kinase inhibitors, which are crucial for targeting specific pathways in cancer treatment. Additionally, it is explored in the design of molecules that may interact with neurodegenerative diseases, offering potential therapeutic benefits. Its structural properties make it valuable for modifications to enhance drug efficacy and selectivity.