Used primarily in pharmaceutical research and development, it serves as a key intermediate in the synthesis of various bioactive compounds, including those with anti-inflammatory, antimicrobial, anticancer, and central nervous system-targeting effects. Its structure is particularly valuable in designing drugs for central nervous system disorders, inflammation, infectious diseases, and cancer. Additionally, it is employed in agrochemical research to develop novel pesticides and herbicides. Its versatility in forming heterocyclic compounds makes it a crucial component in medicinal chemistry for creating molecules with potential therapeutic effects.