This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active compounds. It plays a significant role in the development of small molecule inhibitors, particularly those targeting kinase enzymes, which are crucial in various cellular processes and disease pathways. Its structure allows for further functionalization, making it valuable in creating diverse libraries of compounds for drug discovery. Additionally, it is employed in the preparation of heterocyclic compounds that exhibit potential therapeutic properties, such as anticancer, antiviral, and anti-inflammatory agents. Its use in organic synthesis also extends to the exploration of novel chemical reactions and the development of new methodologies in pharmaceutical research.