This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting specific enzymes or receptors in therapeutic applications. Its structure is often leveraged in the design of drug candidates for conditions such as cancer, inflammation, and metabolic disorders. Additionally, it is explored in the development of kinase inhibitors, which are critical in regulating cellular processes and have significant potential in treating diseases like cancer. Its unique chemical properties make it a valuable building block in medicinal chemistry for creating novel therapeutic agents.