This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting kinase enzymes. Kinase inhibitors are crucial in the treatment of cancers and inflammatory diseases, making this chemical valuable in the creation of potential therapeutic agents. Additionally, it is used in organic synthesis to construct complex heterocyclic frameworks, which are often found in drugs with diverse pharmacological properties. Its role in medicinal chemistry underscores its importance in the discovery and optimization of new drug candidates.