This chemical is primarily used in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active compounds, particularly in the synthesis of kinase inhibitors. These inhibitors are crucial in the treatment of diseases like cancer, where they help regulate cell signaling pathways. Additionally, it is employed in the preparation of heterocyclic compounds, which are widely studied for their potential therapeutic applications. Its role in facilitating the construction of complex molecular structures makes it valuable in medicinal chemistry and drug discovery processes.