This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It serves as a building block for the development of pharmaceutical agents, particularly in the creation of kinase inhibitors. These inhibitors are crucial in targeting specific enzymes involved in signal transduction pathways, making them valuable in the treatment of diseases such as cancer and inflammatory disorders. Additionally, its structure is often modified to enhance drug properties like potency, selectivity, and bioavailability, contributing to the advancement of therapeutic drug design.