This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly in the development of small molecule inhibitors and therapeutic agents. It serves as a key intermediate in the production of compounds targeting specific enzymes or receptors, often in the context of cancer research and treatment. Its structure allows for further functionalization, making it valuable in medicinal chemistry for creating derivatives with potential biological activity. Additionally, it is employed in organic synthesis for constructing complex heterocyclic frameworks, which are essential in drug discovery and development.