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 functionalization at multiple sites, making it valuable in medicinal chemistry for creating libraries of compounds for drug discovery. Commonly employed in the preparation of pyrazolopyridine derivatives, which exhibit a range of biological activities including anti-inflammatory, antiviral, and anticancer properties. Also utilized in agrochemical research for designing new active ingredients in crop protection agents. Its versatility in heterocyclic synthesis supports its use in both academic and industrial research settings.