Used as an intermediate in the synthesis of pharmaceuticals, 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 polar interactions, enhancing drug binding affinity. Also employed in agrochemicals for the design of novel pesticides and herbicides owing to its structural stability and reactivity. Its hydroxyl and amide functionalities allow for easy modification in multi-step organic syntheses.