This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of biologically active molecules, often targeting specific enzymes or receptors in the body. Its structure is particularly valuable in the design of inhibitors for kinases, which are crucial in regulating cellular processes and are often implicated in diseases like cancer. Additionally, it is employed in medicinal chemistry to optimize the pharmacokinetic properties of potential drugs, enhancing their efficacy and safety profiles. Its versatility also extends to the development of compounds for neurological and inflammatory disorders, making it a significant component in the discovery of new therapeutic agents.