Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and anti-inflammatory agents. Its structure allows for selective modification, making it valuable in medicinal chemistry for designing drugs that target specific signaling pathways. Commonly employed in research settings to develop potential treatments for cancer, autoimmune disorders, and neurological conditions. Also utilized in agrochemical research for the design of bioactive molecules with pesticidal or fungicidal properties.