This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting kinase enzymes. Its structure is often incorporated into inhibitors designed for cancer therapy, as it can effectively bind to the ATP-binding sites of kinases, which are crucial in regulating cell proliferation and survival. Additionally, it is explored in the development of treatments for inflammatory diseases and autoimmune disorders due to its potential to modulate specific signaling pathways. Researchers also investigate its derivatives for their potential antiviral and antimicrobial properties, making it a versatile scaffold in pharmaceutical research.