Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for creating drug candidates targeting cancer, inflammation, and central nervous system disorders. Also employed in agrochemical research for designing novel pesticides and herbicides due to its ability to enhance binding selectivity in molecular design. Commonly utilized in combinatorial chemistry and high-throughput screening protocols to generate diverse compound libraries.