Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its ability to form hydrogen bonds and participate in π-π stacking interactions, enhancing binding affinity to target proteins. Also employed in the preparation of agrochemicals and functional materials owing to its stable heterocyclic structure. Its derivatives are explored in research for anti-inflammatory and antimicrobial agents.