Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. It is also employed in the production of agrochemicals, where it contributes to the creation of novel pesticides with improved efficacy. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building more complex bioactive molecules. Additionally, it serves as a building block in the discovery of new central nervous system (CNS) active agents due to its favorable pharmacokinetic properties and ability to cross the blood-brain barrier.