This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of kinase inhibitors, which are crucial in targeting specific enzymes involved in diseases such as cancer and inflammatory disorders. Researchers leverage its reactive sites to modify and create derivatives that can selectively inhibit protein kinases, making it a significant building block in drug discovery. Additionally, it finds application in the study of enzyme mechanisms and the design of novel therapeutic agents, contributing to advancements in pharmaceutical research.