Used as a building block in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents and anti-inflammatory drugs. It serves as an intermediate in creating kinase inhibitors and has been explored in cancer research for its potential to interfere with tumor cell signaling pathways. Also applied in the preparation of fluorescent probes for biochemical assays due to its favorable photophysical properties. Its structure is valuable in medicinal chemistry for designing compounds with enhanced binding affinity to biological targets.