This chemical is primarily utilized in pharmaceutical research and development, particularly in the synthesis of bioactive compounds. Its structure makes it a valuable intermediate in the creation of molecules that target specific biological pathways, such as kinase inhibitors. These inhibitors are crucial in the treatment of various diseases, including cancer and inflammatory disorders. Additionally, it is employed in medicinal chemistry to explore structure-activity relationships, aiding in the optimization of drug candidates for enhanced efficacy and reduced side effects. Its role in the development of novel therapeutic agents underscores its importance in advancing modern medicine.