Primarily utilized in organic synthesis, this compound serves as a key intermediate in the development of various pharmaceuticals, particularly in the creation of kinase inhibitors. Its unique structure allows for the introduction of additional functional groups, making it valuable in the design of bioactive molecules. Additionally, it is employed in the research and development of novel therapeutic agents targeting specific enzymes and receptors. Its role in medicinal chemistry is significant, contributing to the advancement of treatments for diseases such as cancer and inflammatory disorders.