This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting protein kinases. Its structural features make it valuable for designing inhibitors that can modulate kinase activity, which is crucial in treating diseases like cancer, inflammatory disorders, and autoimmune conditions. Additionally, it is explored in the development of small-molecule therapeutics due to its potential to interact with specific enzyme binding sites. Researchers also investigate its role in creating compounds with improved pharmacokinetic properties, such as enhanced bioavailability and metabolic stability.