Used primarily as an intermediate in the synthesis of pharmaceuticals, especially in the development of kinase inhibitors for cancer treatment. It serves as a building block in the production of selective protein kinase C (PKC) modulators, which are investigated for their potential in treating neurodegenerative diseases and certain types of tumors. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for designing compounds with improved binding affinity and selectivity. Also employed in research settings to develop novel small-molecule therapeutics targeting intracellular signaling pathways.