Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors for cancer treatment. Its structure enables functionalization at multiple sites, making it valuable in medicinal chemistry for creating analogs with enhanced biological activity. Commonly employed in the preparation of compounds targeting tyrosine kinases and other signaling proteins involved in tumor growth and inflammation. Also utilized in research settings to develop new neuroprotective and antiviral agents due to its favorable binding properties with biological targets.