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 potential therapeutic agents, particularly in the design of kinase inhibitors. These inhibitors are explored for their efficacy in treating diseases such as cancer, where they target specific signaling pathways involved in cell proliferation and survival. Additionally, its structural framework is investigated for its potential in creating compounds with anti-inflammatory and antimicrobial properties. Researchers also study its derivatives for their ability to modulate enzyme activity, making it a valuable scaffold in drug discovery and development.