Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its ability to form hydrogen bonds and engage in aromatic interactions, enhancing binding affinity to target proteins. Also employed in the preparation of selective serotonin receptor modulators for neurological disorder research. Its structural features make it valuable in optimizing drug candidates for improved metabolic stability and bioavailability.