Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its structure allows for easy modification, making it valuable in medicinal chemistry for optimizing drug potency and selectivity. Also employed in agrochemical research to design new herbicides and plant growth regulators due to its ability to interact with biological targets in plants. Commonly utilized in high-throughput screening and structure-activity relationship (SAR) studies to improve pharmacokinetic properties of lead compounds.