This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of quinoxaline derivatives, which are known for their broad spectrum of biological activities. These derivatives are often explored for their potential as antimicrobial, antifungal, and anticancer agents. Additionally, the compound's unique chemical framework makes it a suitable candidate for further modification to enhance its pharmacological properties, such as improving drug efficacy and reducing toxicity. Researchers also investigate its role in creating novel compounds that can target specific enzymes or receptors, contributing to the advancement of targeted therapies in drug discovery.