Used in pharmaceutical research as a key intermediate in the synthesis of biologically active compounds. It plays a significant role in the development of anticancer and kinase inhibitor drugs. The compound's structure allows it to interact with specific enzymes and proteins, making it valuable in designing targeted therapies. Additionally, it is utilized in organic chemistry studies to explore novel reactions and pathways for creating complex molecules. Its applications extend to medicinal chemistry, where it aids in the discovery of new therapeutic agents.