This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors in medicinal chemistry. Its structure is often leveraged to design and optimize drug candidates, especially in the development of kinase inhibitors, which are crucial in treating diseases like cancer. Additionally, it finds application in organic synthesis, where it is used to construct complex heterocyclic frameworks that are essential in the creation of novel compounds with potential therapeutic properties.