This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure, featuring a fused furopyrimidine ring, makes it a valuable scaffold for developing compounds with potential therapeutic applications. Researchers often employ it in the design and synthesis of inhibitors targeting specific enzymes or receptors, particularly in the context of cancer and inflammatory diseases. Additionally, its carboxylic acid group allows for further functionalization, enabling the creation of derivatives with enhanced pharmacological properties. Its role in drug discovery highlights its importance in advancing novel treatments for complex diseases.