Used primarily in biochemical research, this compound is a potent inhibitor of protein tyrosine kinases. It plays a significant role in studying cellular signaling pathways, particularly those involved in cancer cell proliferation and survival. Researchers utilize it to understand the mechanisms of tyrosine kinase activity and to develop targeted therapies for various cancers. Additionally, it is employed in experimental models to investigate the effects of kinase inhibition on tumor growth and metastasis. Its application extends to exploring potential treatments for diseases where tyrosine kinase activity is dysregulated.