Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antihypertensive drugs and kinase inhibitors. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building more complex bioactive molecules. Commonly employed in the preparation of compounds targeting cardiovascular diseases and certain types of cancer due to its ability to enhance binding affinity with biological targets. Also utilized in agrochemical research for developing new herbicides and plant growth regulators.