Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors for targeted cancer therapies. Its structure supports the formation of hydrogen bonds and π-π interactions, enhancing binding affinity to specific enzyme active sites. Also employed in agrochemicals for the design of novel herbicides due to its ability to modulate plant enzyme activity. Its ethoxy and amine functionalities allow for easy derivatization, making it valuable in combinatorial chemistry and drug discovery research.