Primarily utilized in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of kinase inhibitors, which are crucial for targeting specific pathways in cancer therapy. Additionally, it is explored in the creation of compounds that modulate the central nervous system, potentially aiding in the treatment of neurological disorders. Researchers also investigate its role in designing drugs with anti-inflammatory and antimicrobial properties, making it a versatile component in medicinal chemistry.