This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its quinazoline core structure is particularly valuable in the development of potential anticancer agents, as it can interact with specific enzymes and receptors involved in cell proliferation. Additionally, it serves as a building block for creating inhibitors targeting tyrosine kinases, which play a critical role in signaling pathways associated with cancer and other diseases. Researchers also explore its derivatives for their potential antimicrobial and anti-inflammatory properties, making it a versatile compound in drug discovery and development.