This compound is primarily utilized in the field of medicinal chemistry as a kinase inhibitor. It plays a significant role in the treatment of various cancers by targeting specific enzymes involved in cell signaling pathways that promote tumor growth and survival. Its application is particularly notable in inhibiting the activity of certain kinases that are overactive in cancer cells, thereby halting the progression of the disease. Additionally, it is used in research settings to study the mechanisms of kinase-related diseases and to develop new therapeutic strategies. The compound's ability to selectively inhibit kinases makes it a valuable tool in both clinical and experimental oncology.