Used in pharmaceutical research as a key intermediate in the synthesis of bioactive compounds, particularly in the development of kinase inhibitors and anti-inflammatory agents. Its structure supports binding to enzyme active sites, making it valuable in designing drugs targeting cancer and neurodegenerative diseases. Also employed in agrochemical research for developing new herbicides and pesticides due to its stability and reactivity. Commonly utilized in medicinal chemistry for scaffold modification to enhance metabolic stability and bioavailability of lead compounds.