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 potential pharmaceutical agents, particularly in the creation of kinase inhibitors. These inhibitors are crucial in targeting specific enzymes involved in cell signaling pathways, making them valuable in cancer research and treatment. Additionally, its unique structure allows for further chemical modifications, enabling the exploration of novel therapeutic compounds for diseases such as inflammation and autoimmune disorders. Its application extends to organic synthesis, where it is used to construct complex heterocyclic frameworks essential in drug discovery.