This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research as a key intermediate in the synthesis of various biologically active molecules. It is often employed in the development of kinase inhibitors, which are crucial in targeting specific enzymes involved in cellular signaling pathways. These inhibitors have potential applications in treating diseases such as cancer, inflammatory disorders, and autoimmune conditions. Additionally, its structural features make it a valuable building block for creating compounds with potential antimicrobial or antiviral properties. Researchers also explore its use in designing molecules for targeted drug delivery systems, enhancing the efficacy and specificity of therapeutic agents.