Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. It plays a role in the production of drugs targeting tyrosine kinases, which are involved in signal transduction pathways associated with tumor growth and progression. Due to its structural similarity to indole and pyridine derivatives, it enhances binding affinity to enzyme active sites, making it valuable in medicinal chemistry for designing potent and selective inhibitors. Also explored in research for anti-inflammatory and neuroprotective agents.