This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting kinase enzymes. Its structural framework is often incorporated into the design of potential therapeutic agents, especially in the development of inhibitors for cancer treatment. Researchers explore its derivatives for their efficacy in modulating specific cellular pathways, making it a valuable scaffold in drug discovery efforts. Additionally, it is investigated for its potential applications in treating inflammatory and neurological disorders due to its ability to interact with specific protein targets.