This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors in the body. Its structure is often explored for potential applications in creating inhibitors for kinases, which are crucial in regulating cellular processes and are implicated in diseases like cancer. Researchers also investigate its derivatives for their potential as therapeutic agents, focusing on optimizing its efficacy and selectivity for targeted treatments. Additionally, it may be used in academic and industrial research to study structure-activity relationships, aiding in the design of new drugs with improved pharmacological properties.