This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of kinase inhibitors, which are crucial for targeting specific pathways in diseases such as cancer. Researchers often modify this compound to enhance its binding affinity and selectivity towards certain protein kinases, making it a versatile building block in drug discovery. Additionally, it finds application in the creation of novel therapeutic agents aimed at treating inflammatory and autoimmune disorders due to its ability to interact with key enzymatic processes. Its role in the synthesis of heterocyclic compounds also extends to the development of agrochemicals, where it contributes to the design of new pesticides and herbicides.