Used in pharmaceutical research as a key intermediate in the synthesis of targeted cancer therapies, particularly in the development of kinase inhibitors. Its structure supports binding to specific enzyme active sites, enhancing selectivity and reducing off-target effects. Also employed in the formulation of fluorescent probes for cellular imaging due to its ability to cross cell membranes and emit detectable signals upon interaction with intracellular targets. Shows potential in drug delivery systems by improving solubility and bioavailability of conjugated therapeutic agents.