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 neurological and oncological disorders. Its structure is often exploited in the development of kinase inhibitors, which are crucial in cancer therapy. Additionally, it is employed in the design of compounds that modulate enzyme activity, aiding in the study of disease mechanisms and potential therapeutic interventions. Its versatility makes it a valuable building block in drug discovery processes.