Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of biologically active molecules. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for creating analogs with potential antimicrobial, anti-inflammatory, or central nervous system activity. Commonly employed in heterocyclic chemistry research to build complex ring systems. Also utilized in agrochemical research for designing new crop protection agents due to its reactivity and stability in various coupling reactions.