Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of kinase inhibitors, which are crucial for targeting specific pathways in cancer therapy. Additionally, it finds application in the design of compounds that modulate adenosine receptors, offering potential treatments for cardiovascular and neurological disorders. Its structural properties make it a versatile building block in medicinal chemistry, enabling the creation of novel therapeutic agents.