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 enzyme inhibition or receptor modulation. Its structure is often incorporated into the development of potential drug candidates, especially in the design of kinase inhibitors, which are relevant in treating cancers and inflammatory diseases. Additionally, it is explored in the creation of compounds with potential neuroprotective or antimicrobial properties, making it a valuable building block in drug discovery efforts.