Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of antitumor and antimicrobial agents. Its structure supports conjugation with biologically active molecules, enhancing drug efficacy and selectivity. Commonly employed in medicinal chemistry for constructing kinase inhibitors and receptor modulators. Also utilized in research settings to develop fluorescent probes due to its favorable electronic properties. Serves as a building block in heterocyclic chemistry for creating complex drug-like molecules.