This compound is primarily used in the field of medicinal chemistry and drug development. It acts as an inhibitor of specific protein kinases, making it valuable in the study and treatment of various cancers. Its mechanism involves targeting signaling pathways that are often dysregulated in tumor growth, particularly in cancers like lung, breast, and colorectal. Researchers utilize this compound to explore its potential in blocking the proliferation of cancer cells and inducing apoptosis. Additionally, it serves as a key intermediate in the synthesis of more complex therapeutic agents aimed at improving efficacy and reducing side effects in oncology treatments.