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 selective modification, making it valuable in medicinal chemistry for creating potent bioactive molecules. Commonly employed in research settings to design drugs targeting neurological disorders and inflammatory conditions due to its ability to cross the blood-brain barrier and interact with central nervous system receptors. Also utilized in agrochemical research for developing new pesticides with improved efficacy and environmental safety.