This compound is primarily utilized in the field of pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of quinazoline derivatives, which are known for their potential therapeutic properties. These derivatives are often explored for their efficacy in treating various diseases, including cancer, due to their ability to inhibit specific enzymes involved in cell proliferation. Additionally, the compound’s structure makes it valuable in the design of targeted therapies, where it can be modified to enhance selectivity and potency against particular biological targets. Its role in medicinal chemistry underscores its importance in advancing drug discovery and development efforts.