This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It serves as a building block for developing inhibitors targeting specific enzymes, particularly kinases, which play a critical role in cell signaling pathways. Its structural framework is often incorporated into drug candidates for treating diseases such as cancer, inflammation, and autoimmune disorders. Additionally, it has been explored in research for its potential antiviral and antimicrobial properties. The compound's versatility in chemical modifications makes it valuable for optimizing drug efficacy and selectivity in pharmaceutical development.