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 new pesticides and herbicides due to its ability to modulate biological pathways in pests. Commonly utilized in combinatorial chemistry and high-throughput screening for lead optimization in drug discovery.