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 protein kinases. Its structure is often incorporated into inhibitors that modulate kinase activity, making it valuable in the development of potential therapeutics for cancers and other diseases driven by aberrant kinase signaling. Additionally, it is explored in research for its potential role in designing compounds with anti-inflammatory or antimicrobial properties. Its versatility in chemical modifications allows for the creation of derivatives with optimized pharmacokinetic and pharmacodynamic profiles.