Used as an intermediate in the synthesis of pharmaceutical compounds, 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 participate in aromatic interactions, enhancing binding affinity to target proteins. Also employed in the preparation of bioactive molecules with potential antiviral and anti-inflammatory properties. Its structural features make it valuable in optimizing drug candidates for improved solubility and metabolic stability.