Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. Its structure allows for selective modification, making it valuable in creating bioactive molecules. Commonly employed in research settings to build more complex heterocyclic compounds with potential therapeutic activity. Also utilized in the preparation of fluorescent probes due to its favorable photophysical properties. Shows promise in medicinal chemistry for designing drugs targeting neurological disorders owing to its ability to cross the blood-brain barrier.