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 enzymes and receptors involved in disease pathways. Its structure is often explored in the design of inhibitors for kinases, which are crucial in cancer therapy, as well as in the development of antiviral and antibacterial agents. Additionally, it finds application in research focused on understanding biochemical processes and in the creation of novel therapeutic compounds.