This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting enzyme inhibition. Its structural framework is often explored in the development of kinase inhibitors, which are crucial in treating diseases like cancer and inflammatory disorders. Researchers also investigate its potential in designing compounds that modulate cellular signaling pathways, offering therapeutic benefits in conditions such as autoimmune diseases and metabolic disorders. Additionally, its derivatives are studied for their potential antiviral and antimicrobial properties, making it a versatile scaffold in drug discovery.