This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It serves as a building block for the development of potential pharmaceutical agents, particularly in the design of kinase inhibitors. These inhibitors are crucial in targeting specific enzymes involved in signaling pathways, making it valuable for research in cancer therapy and other diseases driven by abnormal kinase activity. Additionally, its unique structure allows for further chemical modifications, enabling the creation of diverse compounds for drug discovery and optimization.