Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of bioactive molecules targeting neurological and cardiovascular disorders. Its structure supports the formation of compounds with high receptor affinity and selectivity. Commonly employed in the preparation of kinase inhibitors and other enzyme modulators due to its favorable hydrogen bonding and polarity characteristics. Also utilized in the design of water-soluble drug derivatives, enhancing bioavailability and metabolic stability. Shows utility in agrochemical research for developing novel active ingredients with improved environmental profiles.