Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of kinase inhibitors, which are crucial for targeting specific pathways in cancer therapy. Its structure allows for modifications that enhance binding affinity and selectivity, making it a versatile building block in medicinal chemistry. Additionally, it has applications in the creation of antiviral and anti-inflammatory agents, contributing to the advancement of treatments for complex diseases.