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 developing compounds that target specific enzymes or receptors, particularly in the design of kinase inhibitors. These inhibitors are crucial in the treatment of diseases such as cancer, where they help regulate abnormal cell growth and proliferation. Additionally, its unique structure allows for modifications to enhance drug-like properties, making it valuable in the discovery and optimization of new therapeutic agents. Its application extends to research settings, where it is used to study biochemical pathways and explore potential drug candidates.