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 specific enzymes or receptors. Its structure is often incorporated into drug candidates designed for therapeutic applications, such as anti-inflammatory, antiviral, or anticancer agents. Additionally, it is explored in the development of kinase inhibitors, which play a crucial role in regulating cellular processes and are significant in treating diseases like cancer. Researchers also study its potential in creating novel compounds with enhanced efficacy and selectivity for targeted therapies.