Used as a key intermediate in the synthesis of various pharmaceutical compounds, particularly in the development of antiviral and anticancer agents. Its structure allows for easy modification, making it valuable in medicinal chemistry for designing heterocyclic compounds with biological activity. Also employed in the preparation of agrochemicals and as a building block in the creation of functional materials such as sensors due to its ability to coordinate with metal ions. Shows potential in research related to enzyme inhibition, especially in studies targeting kinases and other regulatory proteins.