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 easy functionalization, making it valuable in medicinal chemistry for creating libraries of compounds in drug discovery. Commonly employed in the preparation of selective serotonin reuptake inhibitors and other central nervous system agents. Also utilized in agrochemical research for designing new pesticides and herbicides due to its favorable reactivity and stability in various reaction conditions.