This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It is particularly significant in the development of kinase inhibitors, which are a class of compounds used to treat cancers and other diseases by targeting specific enzymes involved in cell signaling pathways. Its structural framework allows for modifications that enhance binding affinity and selectivity towards target proteins, making it a valuable scaffold in drug discovery. Additionally, it has been explored in the design of compounds for neurological and inflammatory disorders due to its potential to modulate specific cellular processes. Researchers also investigate its derivatives for their potential in improving pharmacokinetic properties and reducing off-target effects in therapeutic applications.