This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It serves as a building block for the development of potential therapeutic agents, particularly in the design of kinase inhibitors. These inhibitors are crucial in targeting specific enzymes involved in cell signaling pathways, making them valuable in the treatment of diseases such as cancer and inflammatory disorders. Additionally, its structural framework is explored in the creation of compounds with potential antiviral and antimicrobial properties, contributing to ongoing research in drug discovery and development.