Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of kinase inhibitors, which are crucial for treating cancers and inflammatory diseases. Additionally, it is employed in the creation of heterocyclic compounds that exhibit potential therapeutic properties. Researchers also utilize it in the study of enzyme mechanisms and receptor interactions, aiding in the discovery of new drug candidates. Its versatility in organic synthesis makes it a significant tool in medicinal chemistry and drug development pipelines.