Used in pharmaceutical research as a building block for synthesizing compounds with potential therapeutic effects. It is particularly valuable in the development of kinase inhibitors, which are crucial for treating diseases like cancer and inflammatory disorders. The compound's structure allows for modifications that enhance drug efficacy and selectivity. Additionally, it serves as an intermediate in organic synthesis, aiding in the creation of complex molecules for various applications in medicinal chemistry. Its versatility makes it a key component in drug discovery and development processes.