This compound is primarily utilized in pharmaceutical research and development, particularly as a key intermediate in the synthesis of various biologically active molecules. Its structure is valuable in the creation of kinase inhibitors, which are essential in targeted cancer therapies. Additionally, it serves as a building block in the production of compounds that exhibit antiviral and anti-inflammatory properties, making it significant in drug discovery efforts for treating diseases like cancer, viral infections, and autoimmune disorders. Its role in medicinal chemistry underscores its importance in advancing therapeutic innovations.