Used primarily as an intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the production of herbicides like imazapyr and imazaquin. It plays a key role in constructing heterocyclic compounds due to its ability to form stable ring structures with carbonyl groups. Also utilized in the development of bioactive molecules, including kinase inhibitors and other enzyme-targeting drugs. Its reactivity and solubility profile make it suitable for solution-phase synthesis in medicinal chemistry research.