This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active compounds. It is particularly significant 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, where abnormal kinase activity often plays a role. Additionally, its structure allows for further chemical modifications, making it a versatile building block for creating novel therapeutic agents with improved efficacy and selectivity.