This chemical is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting kinase enzymes. Kinase inhibitors are crucial in the treatment of diseases such as cancer, inflammatory disorders, and autoimmune conditions. The compound's structure allows for modifications that enhance its binding affinity and selectivity towards specific kinase targets, making it valuable in the design of new therapeutic agents. Additionally, it is employed in research to study enzyme mechanisms and to develop assays for high-throughput screening of potential drug candidates. Its role in the development of novel pharmaceuticals underscores its importance in advancing modern medicine.