Primarily utilized in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of kinase inhibitors, which are crucial for treating cancers and inflammatory diseases. Additionally, it is explored in the creation of compounds targeting cardiovascular and neurological disorders, owing to its ability to modulate specific enzyme activities. Researchers also investigate its potential in designing novel therapeutic agents that can interact with cellular signaling pathways, offering new avenues for drug discovery and development.