Used in pharmaceutical research as a key intermediate in the synthesis of bioactive molecules, particularly in the development of kinase inhibitors and anticancer agents. Its structure supports binding to enzyme active sites, making it valuable in designing drugs targeting cellular signaling pathways. Also explored in medicinal chemistry for antimicrobial and anti-inflammatory applications due to its ability to modulate biological targets. Additionally, serves as a building block in the preparation of fluorescent probes for biochemical assays.