Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors for cancer treatment. Its structure supports binding to specific enzyme active sites, enhancing selectivity and potency. Also employed in research for designing anti-inflammatory and neuroprotective compounds due to its ability to modulate cellular signaling pathways. The compound's rigidity and functional groups make it valuable in medicinal chemistry for optimizing drug-like properties such as metabolic stability and solubility.