Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors for targeted cancer therapies. Its structure enables effective binding to enzyme active sites, making it valuable in creating drugs that modulate cellular signaling pathways. Also employed in the preparation of nootropic and neuroprotective compounds due to its ability to cross the blood-brain barrier and interact with central nervous system receptors. Commonly utilized in medicinal chemistry for structure-activity relationship (SAR) studies to optimize drug candidates.