Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and other bioactive molecules targeting cancer and inflammatory diseases. Its structure allows for efficient derivatization, making it valuable in medicinal chemistry for constructing heterocyclic systems. Also employed in agrochemical research for designing novel pesticides with improved selectivity and potency. The compound's reactivity supports its role in forming carbon-sulfur and carbon-nitrogen bonds during multistep organic syntheses.