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 is valuable in constructing heterocyclic compounds that enhance drug stability and biological activity. Commonly employed in medicinal chemistry for derivatization to improve pharmacokinetic profiles. Also applied in agrochemicals for the design of crop protection agents due to its ability to modulate biological targets in pests and pathogens.