Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and central nervous system agents. Its structure supports the design of bioactive molecules due to the presence of multiple functional sites for derivatization. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies, especially in optimizing potency and selectivity of drug candidates. Also utilized in the preparation of heterocyclic compounds with potential antiviral and anticancer activities.