Used in pharmaceutical research as a key intermediate in the development of kinase inhibitors, particularly for targeting protein kinases involved in inflammatory diseases and cancer. Its structure supports binding to ATP sites in kinases, making it valuable in designing selective inhibitors. Also explored in the synthesis of compounds with antiproliferative activity due to its ability to interfere with cell signaling pathways. Additionally, derivatives of this compound are investigated for potential use in neurodegenerative disease treatments owing to their neuroprotective properties.