Primarily used in organic synthesis, this compound serves as a key intermediate in the development of various pharmaceuticals. Its structure is particularly valuable in the creation of kinase inhibitors, which are crucial in cancer treatment. Additionally, it is employed in the synthesis of agrochemicals, contributing to the production of herbicides and pesticides. The compound's reactivity and functional groups make it a versatile building block in medicinal chemistry, enabling the design of molecules with specific biological activities. Researchers also utilize it in the study of heterocyclic compounds, aiding in the exploration of new chemical reactions and pathways.