This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of molecules targeting various biological pathways, including kinase inhibition, which is relevant in the treatment of cancers and inflammatory diseases. Its structure allows for modifications that enhance binding affinity and selectivity, making it valuable in medicinal chemistry. Additionally, it is employed in the study of enzyme mechanisms and receptor interactions, aiding in the discovery of potential therapeutic agents.