This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active molecules. It has shown potential in the development of kinase inhibitors, which are crucial in targeting specific pathways involved in various diseases, including cancer. Researchers have explored its role in modulating protein-protein interactions, making it a valuable scaffold for designing novel therapeutic agents. Additionally, its structural features have been leveraged in the creation of compounds with anti-inflammatory and anti-proliferative properties, contributing to advancements in drug discovery and development.