This compound is primarily utilized in the field of medicinal chemistry, particularly in the development of targeted cancer therapies. Its structure allows it to act as an inhibitor for specific tyrosine kinases, which are enzymes involved in the signaling pathways that promote cancer cell growth and survival. By blocking these enzymes, the compound helps to halt the proliferation of cancer cells, making it a potential candidate for treating various types of cancers, including breast, lung, and colorectal cancers. Additionally, its unique chemical properties enable it to be used in the synthesis of more complex molecules that can be further tested for their efficacy and safety in preclinical and clinical studies.