Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Shows potential in research related to antitumor and antimicrobial agents due to its ability to interact with biological targets involved in cell signaling pathways. Also employed in the preparation of fluorescent probes for biochemical assays because of its favorable photophysical properties. Commonly utilized in medicinal chemistry for structure-activity relationship (SAR) studies to optimize drug candidates targeting various diseases.