Used as a key intermediate in the synthesis of kinase inhibitors, particularly in the development of anticancer agents. Its structure allows for selective modification, making it valuable in medicinal chemistry for targeting specific signaling pathways involved in tumor growth. Commonly employed in research settings to design compounds with improved potency and selectivity against protein kinases such as BRAF and JAK. Also utilized in the preparation of bioactive molecules for studying neurological disorders due to its ability to cross the blood-brain barrier.