This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active compounds. It plays a significant role in the development of kinase inhibitors, which are crucial for targeting specific enzymes involved in cellular signaling pathways. These inhibitors have potential applications in treating diseases such as cancer, inflammation, and autoimmune disorders. Additionally, its structural framework is explored in the design of novel therapeutic agents due to its ability to interact with diverse biological targets, making it a valuable component in drug discovery and development processes.