This compound is primarily utilized in biochemical research, particularly in the study of tyrosine kinase receptors. It acts as an inhibitor of the c-Kit receptor, which is involved in cell signaling pathways that regulate cell growth and differentiation. Researchers use it to investigate the role of c-Kit in various cancers, such as gastrointestinal stromal tumors (GISTs) and leukemia, where abnormal c-Kit signaling is often observed. By blocking this receptor, it helps in understanding the mechanisms of tumor growth and evaluating potential therapeutic strategies. Additionally, it serves as a tool in drug discovery efforts aimed at developing targeted cancer therapies.