This compound is primarily utilized in the field of medicinal chemistry as a building block for the synthesis of various pharmaceutical agents. It serves as a key intermediate in the development of kinase inhibitors, which are crucial for treating diseases like cancer and inflammatory disorders. Additionally, it is employed in organic synthesis to create complex molecules with potential biological activity, making it valuable in drug discovery and research. Its structural properties allow it to interact with specific biological targets, aiding in the design of more effective therapeutic compounds.