This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting specific enzymes or receptors in medicinal chemistry. Its structure is often exploited to design and develop potential drug candidates for treating diseases such as cancer, inflammation, and microbial infections. Additionally, it finds application in the study of kinase inhibitors, which are crucial in regulating cellular processes and signaling pathways. Researchers also explore its derivatives for their potential in creating novel therapeutic agents with improved efficacy and selectivity.