This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It plays a significant role in the development of kinase inhibitors, particularly those targeting specific enzymes involved in cellular signaling pathways. These inhibitors are explored for their potential therapeutic applications in treating diseases such as cancer, where abnormal kinase activity often contributes to tumor growth and progression. Additionally, its structural features make it a valuable scaffold for designing compounds with potential anti-inflammatory and anti-proliferative properties, aiding in drug discovery efforts.