Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and other biologically active molecules. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building heterocyclic frameworks. Commonly employed in research settings to design new drug candidates targeting inflammation, cancer, and central nervous system disorders. Also utilized in agrochemical research for developing novel pesticides and herbicides due to its reactivity and stability in various chemical transformations.