This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting kinase enzymes. Its structure is often incorporated into the development of kinase inhibitors, which are crucial in the treatment of cancers and inflammatory diseases. Researchers also explore its potential in designing drugs that modulate cellular signaling pathways, offering therapeutic benefits in conditions like autoimmune disorders and certain types of malignancies. Additionally, its derivatives are studied for their potential antiviral and antimicrobial properties, contributing to the development of new treatments for infectious diseases.