This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the design and production of kinase inhibitors, which are crucial in targeting specific pathways involved in diseases such as cancer and inflammatory disorders. Additionally, it serves as a building block in the creation of compounds with potential therapeutic applications in neurological and cardiovascular conditions. Its role in medicinal chemistry underscores its importance in advancing drug discovery efforts.