This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors in the body. Its structure is often explored for the development of potential therapeutic agents, including inhibitors for kinases or other proteins involved in signaling pathways. Researchers investigate its derivatives for their potential in treating diseases such as cancer, inflammatory disorders, or neurological conditions. Additionally, it may be used in the design of novel drug candidates to improve efficacy, selectivity, or pharmacokinetic properties.