This compound is primarily utilized in the field of medicinal chemistry, particularly in the development of targeted cancer therapies. It acts as an inhibitor of specific tyrosine kinases, which are enzymes involved in the signaling pathways that regulate cell growth and proliferation. By blocking these enzymes, the compound can effectively halt the growth of cancer cells, making it a promising candidate for the treatment of various types of cancers, including lung and breast cancer. Additionally, its structure allows for further modification to enhance its efficacy and selectivity, paving the way for the creation of more potent and specific anticancer drugs.