This compound is widely utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of kinase inhibitors, which are essential in the treatment of cancers and inflammatory diseases. Additionally, it serves as a building block in the creation of compounds that target neurological disorders, including Parkinson's and Alzheimer's diseases. In medicinal chemistry, its versatility allows for modifications that enhance drug efficacy and selectivity. Beyond pharmaceuticals, it is also explored in agrochemical research for the development of novel pesticides and herbicides, owing to its potential to disrupt specific biological pathways in pests.