Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and anti-inflammatory agents. It serves as a building block in medicinal chemistry due to its ability to form derivatives with biological activity. Commonly employed in the preparation of compounds targeting cancer, diabetes, and neurological disorders. Also utilized in agrochemical research for designing new crop protection agents. Its structural features make it valuable in creating libraries for high-throughput screening in drug discovery.