Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in drugs targeting tyrosine kinases, which are involved in signal transduction pathways that regulate cell growth and survival. Its structure enables effective binding to enzyme active sites, making it valuable in the design of targeted therapies for diseases like chronic myeloid leukemia and non-small cell lung cancer. Also employed in research settings to explore new neuroprotective and anti-inflammatory compounds due to its ability to cross the blood-brain barrier and modulate cellular responses.