This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It serves as a building block for the development of novel pharmaceuticals, particularly in the design of kinase inhibitors, which are crucial for targeting specific pathways in cancer therapy. Its structural framework is also explored in the creation of compounds with potential antiviral and anti-inflammatory properties. Additionally, it finds use in research settings for studying enzyme interactions and optimizing drug efficacy through structure-activity relationship (SAR) studies.