Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its structure allows for selective modification, making it valuable in creating potent bioactive molecules. Commonly employed in medicinal chemistry for constructing heterocyclic frameworks found in targeted therapies. Also utilized in research settings to develop new neuroprotective agents and anti-inflammatory drugs due to its ability to cross biological membranes and interact with specific enzyme targets.