This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It serves as a building block in the development of pharmaceutical agents, particularly in the creation of kinase inhibitors, which are crucial for targeting specific pathways in cancer therapy. Additionally, it is employed in the research and development of compounds with potential anti-inflammatory and antimicrobial properties. Its unique structure allows for modifications that can lead to the discovery of novel drugs with improved efficacy and selectivity.