This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It serves as a building block for the development of kinase inhibitors, which are crucial in targeted cancer therapies. Its structure allows for modifications that enhance binding affinity to specific kinases, making it valuable in the design of drugs that inhibit abnormal cell proliferation. Additionally, it is explored in the creation of compounds with potential antiviral and anti-inflammatory properties, broadening its application in pharmaceutical research.