Used in pharmaceutical research as a key intermediate in the synthesis of kinase inhibitors, particularly for cancer treatment. Shows potential in developing drugs that target tyrosine kinases involved in tumor growth and angiogenesis. Also employed in the design of anti-inflammatory agents due to its ability to modulate cellular signaling pathways. Its carboxylic acid group allows for easy derivatization, making it valuable in creating compound libraries for drug discovery. Additionally, it serves as a ligand in metal-organic frameworks for catalytic applications in organic synthesis.