Used in pharmaceutical research as a key intermediate in the synthesis of biologically active compounds, particularly in the development of kinase inhibitors and antimicrobial agents. Shows potential in medicinal chemistry for designing drugs targeting neurological disorders due to its structural similarity to neuroactive scaffolds. Also employed in the preparation of fluorescent probes for biochemical assays, leveraging its derivatizable core for sensor development. Investigated for agrochemical applications, including the design of novel pesticides with improved selectivity and environmental profiles.