Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and anti-inflammatory agents. Its structure allows for selective modification, making it valuable in medicinal chemistry for optimizing drug potency and selectivity. Also employed in the preparation of bioactive molecules targeting central nervous system disorders due to its ability to cross the blood-brain barrier. Additionally, it serves as a building block in the creation of agrochemicals, contributing to the development of herbicides and plant growth regulators.