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 quinazoline-based pharmaceuticals, which are known for their potential therapeutic applications. Specifically, derivatives of this compound have been explored for their role in inhibiting enzymes such as tyrosine kinases, making them valuable in the research and development of anticancer drugs. Additionally, its structural framework is investigated for designing compounds with potential anti-inflammatory, antimicrobial, and antiviral properties. Its versatility in chemical modifications allows researchers to tailor its properties for targeted drug discovery efforts.