Used in pharmaceutical research as a key intermediate in the synthesis of kinase inhibitors, particularly for targeting tyrosine kinases involved in cancer cell signaling. Shows potential in developing anticancer agents due to its ability to modulate enzyme activity and interfere with tumor growth pathways. Also explored for its anti-inflammatory and antimicrobial properties in preclinical studies. Its structure allows for easy modification, making it valuable in structure-activity relationship (SAR) studies for drug optimization.