This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of molecules targeting various biological pathways, including kinase inhibition, which is crucial in treating cancers and inflammatory diseases. Its structure allows for modifications that enhance binding affinity and selectivity, making it valuable in medicinal chemistry. Additionally, it is explored in the development of small-molecule therapies for neurological disorders due to its potential to cross the blood-brain barrier. Its applications also extend to agrochemical research, where it is studied for its role in creating compounds with herbicidal or pesticidal properties.