This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active molecules. It is often employed in the development of pharmaceutical agents targeting specific enzymes or receptors, particularly in the design of kinase inhibitors. These inhibitors play a crucial role in regulating cellular processes and are investigated for their potential in treating diseases such as cancer, inflammation, and autoimmune disorders. Additionally, its structural features make it a valuable building block in organic synthesis for creating more complex compounds with tailored biological activities.