This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors. Its structure is often incorporated into the design of potential drug candidates, especially in the development of kinase inhibitors, which are crucial in treating diseases like cancer and inflammatory disorders. Additionally, it finds application in the preparation of heterocyclic compounds, which are widely explored for their therapeutic properties in medicinal chemistry.