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 structural framework is often explored for developing potential therapeutic agents, especially in the treatment of inflammatory diseases and certain types of cancers. Researchers also investigate its derivatives for their potential as kinase inhibitors, which play a crucial role in regulating cell signaling pathways. Additionally, its unique chemical structure makes it a valuable candidate for drug discovery programs aimed at identifying novel compounds with improved efficacy and reduced side effects.