This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure serves as a core scaffold for developing potential therapeutic agents, particularly in the design of kinase inhibitors. These inhibitors are explored for their efficacy in treating diseases such as cancer, inflammation, and autoimmune disorders. Additionally, its derivatives are investigated for their potential as antiviral and antimicrobial agents, contributing to the development of new drugs targeting resistant pathogens. Its versatility in chemical modifications makes it a valuable building block in drug discovery and pharmaceutical research.