This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure makes it a valuable intermediate in the creation of molecules that target specific biological pathways, such as kinase inhibition, which is crucial in treating various cancers and inflammatory diseases. Additionally, it is employed in medicinal chemistry for the design and optimization of compounds with potential therapeutic effects, often serving as a building block for more complex molecules. Its application extends to the study of enzyme interactions and the development of inhibitors for specific enzymes involved in disease progression.