Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of anti-inflammatory and central nervous system (CNS) active compounds. Its structure allows for selective modification, making it valuable in medicinal chemistry for creating analogs with improved biological activity and selectivity. Commonly employed in research settings to build complex heterocyclic systems found in drug candidates. Also utilized in the preparation of kinase inhibitors and receptor modulators due to its ability to participate in cyclization and coupling reactions.