This chemical 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 compounds, particularly those targeting kinase enzymes. Its structural framework is often incorporated into molecules designed for cancer therapy, as kinase inhibitors play a crucial role in regulating cell signaling pathways associated with tumor growth. Additionally, it is explored in the development of antiviral and anti-inflammatory agents due to its potential to modulate specific biochemical pathways. Researchers also investigate its derivatives for their potential in treating neurodegenerative diseases by targeting enzymes involved in neuronal signaling. Its versatility in drug design makes it a valuable scaffold for creating novel therapeutic agents.