Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its ability to form stable heterocyclic structures that enhance binding affinity with biological targets. Also employed in agrochemical research for designing novel pesticides with improved efficacy and selectivity. Its reactivity allows for functionalization at multiple sites, making it valuable in combinatorial chemistry and high-throughput screening for drug discovery.