This chemical is primarily used in the development of pharmaceutical compounds, particularly as a key intermediate in the synthesis of kinase inhibitors. Kinase inhibitors are crucial in targeted cancer therapies, as they help regulate cell signaling pathways that are often dysregulated in cancer cells. Additionally, it serves as a building block in the creation of other biologically active molecules, contributing to research in drug discovery and medicinal chemistry. Its unique structure allows for the modulation of specific biological targets, making it valuable in the design of novel therapeutic agents.