This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors. Its structure is often incorporated into the development of potential drug candidates for treating diseases such as cancer, inflammation, and neurological disorders. Researchers also explore its use in creating inhibitors for kinases, which are crucial in regulating cellular processes. Additionally, it is studied for its potential application in designing compounds with antiviral or antimicrobial properties. Its versatility makes it a valuable building block in drug discovery and development efforts.