Used primarily in biochemical research, it serves as a potent inhibitor of protein kinases, particularly targeting those involved in cell signaling pathways. This compound is valuable in studying cellular processes like proliferation, differentiation, and apoptosis, aiding in the understanding of diseases such as cancer. It is also utilized in pharmacological studies to develop targeted therapies by modulating kinase activity. Additionally, it finds application in high-throughput screening assays to identify potential drug candidates. Its role in elucidating molecular mechanisms makes it a crucial tool in both academic and industrial research settings.