Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure supports the formation of nitrogen-containing heterocycles, which are common in drug molecules targeting inflammation, cancer, and central nervous system disorders. Also employed in agrochemicals for the production of herbicides and pesticides due to its reactivity and stability in organic transformations. Serves as a building block in medicinal chemistry for creating libraries of compounds during high-throughput screening.