Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) with anti-inflammatory, antiviral, and anticancer properties. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building complex heterocyclic systems. Commonly employed in research laboratories for designing kinase inhibitors and other biologically active molecules. Also utilized in agrochemical industry for developing new crop protection agents due to its favorable reactivity and stability in various reaction conditions.