Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other bioactive molecules. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for constructing heterocyclic compounds with potential anti-inflammatory, antiviral, or anticancer activity. Commonly employed in research settings to build more complex molecules through ester hydrolysis, ether formation, or coupling reactions. Also utilized in agrochemical research for designing new active ingredients due to its favorable reactivity and stability.