This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of targeted cancer therapies. It is particularly significant in the development of inhibitors for specific tyrosine kinases, which play a crucial role in the signaling pathways of cancer cells. By inhibiting these kinases, the compound helps in controlling the proliferation and survival of malignant cells. Additionally, its structural features make it a valuable candidate for further modification to enhance its efficacy and selectivity in therapeutic applications.