Used as a key intermediate in the synthesis of selective kinase inhibitors, particularly in the development of anticancer agents. Its structure supports binding to ATP pockets in protein kinases, making it valuable in drug discovery for targeting abnormal cell signaling pathways. Also employed in research for designing compounds with anti-inflammatory and neuroprotective properties. Commonly utilized in medicinal chemistry for structure-activity relationship (SAR) studies due to its favorable pharmacokinetic profile and ability to enhance compound solubility and target specificity.