Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antiviral and anticancer agents. Its structure allows for functionalization at multiple sites, making it valuable in medicinal chemistry for designing bioactive molecules. Commonly employed in the preparation of kinase inhibitors and antimicrobial compounds due to its ability to interact with biological targets through hydrogen bonding and hydrophobic interactions. Also utilized in agrochemical research for developing novel pesticides with improved efficacy and selectivity.