Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of biologically active molecules. It is particularly valuable in the creation of kinase inhibitors, which are important in the treatment of various cancers and inflammatory diseases. Its structure allows for selective modification, making it useful in optimizing drug candidates for improved potency and metabolic stability. Additionally, it has been explored in the development of central nervous system agents due to its ability to cross the blood-brain barrier. The compound also finds use in agrochemical research for designing new pesticides with targeted activity.