This compound is primarily utilized in the field of medicinal chemistry, particularly in the development of targeted cancer therapies. It acts as a potent inhibitor of specific tyrosine kinases, which are enzymes involved in the signaling pathways that promote cancer cell growth and survival. By blocking these enzymes, the compound helps to inhibit the proliferation of cancer cells and induce apoptosis. It is often studied for its potential application in treating cancers such as non-small cell lung cancer, breast cancer, colorectal cancer, and other malignancies driven by dysregulated kinase activity. Additionally, its structure allows for further modification to enhance selectivity and efficacy, making it a valuable candidate for drug discovery and development.