This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. It plays a significant role in the development of kinase inhibitors, which are crucial for treating diseases such as cancer and inflammatory disorders. Its structural framework is often incorporated into molecules designed to target specific enzymes or receptors, thereby modulating their activity to achieve therapeutic effects. Additionally, it is explored in research for its potential applications in creating novel bioactive compounds with improved efficacy and selectivity.