Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other bioactive molecules. Its structure supports the formation of complex heterocyclic compounds, making it valuable in medicinal chemistry research. Also employed in the creation of dyes and fluorescent probes due to its electron-rich aromatic system and ability to undergo functionalization. Commonly utilized in laboratory settings for structure-activity relationship (SAR) studies, especially in optimizing drug candidates targeting neurological and inflammatory conditions.