Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its ability to undergo cross-coupling reactions, enabling the formation of complex heterocyclic systems. Its structure supports binding to biological targets with high affinity, making it valuable in drug discovery programs focused on oncology and inflammatory diseases. Also employed in the preparation of fluorescent probes for biochemical assays owing to its favorable photophysical properties.