Used as a key intermediate in the synthesis of pharmaceuticals, 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 complexes with metal ions and its favorable binding properties with biological targets. Commonly employed in the preparation of heterocyclic compounds that exhibit anti-inflammatory and antitumor activities. Also utilized in agrochemicals for the design of novel pesticides with improved selectivity and environmental profiles.