This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors. Its structure is often incorporated into the development of potential therapeutic agents, including inhibitors for certain kinases or other proteins involved in disease pathways. Researchers also explore its use in creating novel compounds for anti-inflammatory, anticancer, or neurological applications. Additionally, it may be employed in the design of fluorescent probes or imaging agents for studying biological processes at the molecular level.