Primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active compounds. It plays a crucial role in the development of anticancer agents, particularly in the creation of inhibitors targeting specific enzymes involved in tumor growth. Additionally, it is employed in the research and production of kinase inhibitors, which are essential in treating diseases like cancer and inflammatory disorders. Its chemical structure allows for further functionalization, making it a versatile building block in medicinal chemistry for designing novel therapeutic molecules.