Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its structure supports the formation of biologically active molecules that target specific signaling pathways in tumor cells. Also employed in research settings to design new neuroprotective agents and anti-inflammatory drugs due to its ability to cross cell membranes and interact with central nervous system receptors. Commonly utilized in medicinal chemistry for scaffold modification to enhance drug potency and selectivity.