Used in pharmaceutical research as a key intermediate in the synthesis of kinase inhibitors, particularly in the development of anticancer agents. It serves as a building block for compounds targeting tyrosine kinases and other enzymes involved in cell signaling pathways. Its structure allows for functionalization that enhances binding affinity and selectivity in drug candidates. Also explored in the design of neuroprotective agents and treatments for inflammatory diseases due to its favorable bioavailability and metabolic stability.