This compound is primarily utilized in the synthesis of various pharmaceutical agents, particularly in the development of kinase inhibitors. These inhibitors play a crucial role in targeting specific enzymes involved in cellular signaling pathways, making it valuable for cancer treatment and other diseases where abnormal kinase activity is a factor. Additionally, it serves as a key intermediate in organic synthesis, enabling the creation of complex molecules with potential therapeutic applications. Its unique structure allows for modifications that enhance drug efficacy and selectivity in medicinal chemistry research.