This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors. Its structural framework is often incorporated into the design of potential therapeutic agents, including kinase inhibitors, which are explored for their efficacy in treating cancers and other diseases. Additionally, it plays a role in the development of compounds with antimicrobial or anti-inflammatory properties, contributing to the advancement of novel drug candidates. Its versatility in chemical modifications makes it a valuable building block in medicinal chemistry.