Used as a key intermediate in the synthesis of tyrosine kinase inhibitors, particularly in targeted cancer therapies. It plays a role in the development of pharmaceuticals that interfere with signal transduction pathways in tumor cells. Its structure allows for selective binding and modulation of enzyme activity, making it valuable in oncology drug research. Also employed in the preparation of compounds with anti-inflammatory and antiproliferative properties. Commonly utilized in medicinal chemistry for structure-activity relationship (SAR) studies to optimize drug potency and selectivity.