Used primarily in pharmaceutical research as an intermediate in the synthesis of bioactive compounds. Shows potential in the development of kinase inhibitors, which are relevant in cancer therapy due to their role in blocking signaling pathways involved in tumor growth. Also utilized in the study of anti-inflammatory agents, where it serves as a scaffold for designing molecules with improved selectivity and potency. Its structure supports functional modifications that enhance drug-like properties, making it valuable in medicinal chemistry for lead optimization.