Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its functional groups allow selective modifications, making it valuable in constructing complex drug molecules. Commonly employed in organic synthesis to introduce chlorophenyl and silyl-protected alcohol moieties, which can be further deprotected or coupled in multi-step reactions. Also utilized in research settings for creating analogs in structure-activity relationship (SAR) studies.