This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting kinase enzymes. Kinase inhibitors are crucial in the treatment of cancers and other diseases involving abnormal cell signaling. Additionally, its structure allows for further functionalization, making it valuable in the creation of novel compounds for pharmacological research. Its application extends to the study of enzyme mechanisms and the development of potential therapeutic agents.