Used primarily in pharmaceutical research, it serves as a key intermediate in the synthesis of various biologically active compounds. Its structure is valuable in developing potential drugs targeting cancer, inflammation, and central nervous system disorders. It is also employed in the creation of kinase inhibitors, which are crucial in treating diseases like rheumatoid arthritis and certain cancers. Additionally, it finds application in agrochemical research for designing novel pesticides and herbicides. Its versatility in organic synthesis makes it a significant compound in medicinal and agricultural chemistry.