Used in pharmaceutical research as a key intermediate in the synthesis of bioactive molecules, particularly in the development of central nervous system agents and anticancer compounds. Shows potential in the design of kinase inhibitors due to its structural affinity for ATP-binding sites in enzymes. Also employed in the preparation of fluorescent probes for cellular imaging, leveraging its photophysical properties. Investigated for use in medicinal chemistry due to its ability to cross the blood-brain barrier, making it suitable for targeting neurological disorders.