This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. It serves as a building block for the development of inhibitors targeting specific enzymes, particularly those involved in kinase signaling pathways. Its structural framework is often incorporated into molecules designed to treat diseases such as cancer, where kinase inhibition can disrupt abnormal cell proliferation. Additionally, it has been explored in the creation of compounds with potential antiviral and anti-inflammatory properties, making it a versatile scaffold in drug discovery efforts. Researchers also investigate its derivatives for their potential to modulate biological targets, contributing to the development of novel therapeutic strategies.