This compound is primarily utilized in medicinal chemistry as an intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of pharmaceutical agents targeting kinase enzymes, which play a critical role in cellular signaling pathways. Its structure is often incorporated into drug candidates for treating diseases such as cancer, inflammation, and autoimmune disorders. Additionally, it serves as a building block in organic synthesis, enabling the creation of complex heterocyclic compounds with potential therapeutic applications. Its stability and reactivity make it a versatile reagent in research and drug discovery processes.