This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It serves as a building block for the development of quinazoline-based compounds, which are known for their potential therapeutic applications. Specifically, it is used in the creation of inhibitors targeting enzymes such as tyrosine kinases, which play a critical role in cell signaling and are often implicated in cancer progression. Additionally, its structural framework is explored in the design of drugs for treating conditions like hypertension and inflammation, due to its ability to interact with specific biological targets. Researchers also investigate its derivatives for antimicrobial and antifungal properties, making it a versatile component in drug discovery and development.