This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those targeting specific enzymes or receptors. Its structure is often exploited in the design of potential therapeutic agents, especially in the study of kinase inhibitors, which are crucial in cancer treatment and other diseases. Additionally, it may be used in the synthesis of heterocyclic compounds, which are important in the creation of drugs with diverse pharmacological properties. Its application extends to material science, where it can contribute to the development of novel organic materials with specific electronic or optical properties.