This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of small molecule inhibitors. It serves as a key intermediate in the creation of compounds targeting specific enzymes or receptors involved in disease pathways. Its structural features make it suitable for modifications that enhance binding affinity and selectivity, which is crucial in drug discovery. Additionally, it is often employed in the study of kinase inhibitors, which are relevant in treating cancers and inflammatory diseases. Its role in medicinal chemistry underscores its importance in advancing therapeutic innovations.