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 therapeutic applications. Its structure is often exploited in the development of quinazoline derivatives, which are known for their potential as kinase inhibitors, making it valuable in cancer research. Additionally, it has been explored for its role in creating compounds with anti-inflammatory, antimicrobial, and antiviral properties. Its versatility in chemical reactions also makes it a useful building block in organic synthesis for designing novel drug candidates.