Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors for cancer treatment. It plays a role in the production of selective drugs targeting tyrosine kinases, which are involved in signal transduction pathways associated with tumor growth and progression. Due to its structural features, it supports the design of compounds with improved binding affinity and selectivity toward specific enzyme targets. It is also utilized in research settings for the development of new neuroprotective and anti-inflammatory agents.