Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of kinase inhibitors, which are crucial for treating cancers and inflammatory diseases. Additionally, its structure allows for modifications that can lead to the creation of compounds with potential antiviral and antimicrobial properties. Researchers also explore its utility in designing drugs that target specific cellular pathways, making it a versatile tool in medicinal chemistry.