This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It serves as a building block for the development of pharmaceutical agents, particularly in the creation of kinase inhibitors, which are crucial in the treatment of cancers and other diseases. Additionally, its structure is often incorporated into compounds that exhibit anti-inflammatory and antimicrobial properties, making it valuable in drug discovery and development processes. Researchers also explore its potential in designing novel therapeutic agents targeting specific enzymes or receptors involved in disease pathways.