Used as a key 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 participate in cross-coupling reactions and form biologically active heterocyclic systems. Its structure allows for easy modification, making it valuable in optimizing drug candidates for improved potency and selectivity. Commonly employed in research settings for designing novel antitumor and anti-inflammatory agents.