This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of small molecule inhibitors, particularly those targeting protein kinases. These inhibitors are crucial in the development of therapies for various diseases, including cancer, where they help regulate cell signaling pathways that are often dysregulated in tumor growth. Additionally, it may be explored for its potential in modulating other biological targets due to its unique structural properties, making it a valuable component in drug discovery and development efforts.