Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. It is also employed in the preparation of agrochemicals, contributing to the creation of pesticides and plant growth regulators. Its structure enables effective binding in biological systems, making it valuable in medicinal chemistry for designing bioactive molecules. Additionally, it serves as a building block in the discovery of new drugs due to its favorable reactivity and stability in various chemical transformations.