This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active compounds. Its structure makes it a valuable building block for the development of pharmaceutical agents, particularly those targeting enzyme inhibition or receptor modulation. Researchers often employ it in the creation of small molecule drugs aimed at treating diseases such as cancer, inflammation, and neurological disorders. Additionally, it is explored in the design of kinase inhibitors, which are critical in regulating cellular processes and have significant therapeutic potential. Its versatility in organic synthesis also allows for its use in the preparation of more complex heterocyclic compounds, which are essential in drug discovery and development.