This compound is primarily explored in the field of medicinal chemistry for its potential as a therapeutic agent. It has shown promise in targeting specific protein kinases, making it a candidate for the development of drugs aimed at treating various cancers. Its structure allows it to inhibit kinase activity, which is crucial in controlling cell proliferation and survival, thereby offering a pathway to halt tumor growth. Additionally, research is being conducted to evaluate its efficacy in neurodegenerative diseases, where kinase modulation could potentially slow disease progression. The compound's ability to cross the blood-brain barrier also makes it a valuable subject for studies in central nervous system disorders. Further applications include its use in biochemical assays to better understand kinase-related pathways and their roles in different diseases.