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 neurological disorders and cancer. Its structure is often incorporated into the development of kinase inhibitors, which are crucial in regulating cell signaling pathways and have potential therapeutic applications in treating diseases like Alzheimer's and certain types of cancer. Additionally, it is explored in the design of heterocyclic compounds for drug discovery, owing to its ability to interact with specific biological targets. Researchers also investigate its role in creating novel compounds with potential antimicrobial and antiviral properties.