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 selective functionalization, making it valuable in creating drug candidates targeting inflammatory diseases and certain cancers. Also employed in agrochemical research for designing novel pesticides and herbicides due to its ability to enhance binding affinity with biological targets. Commonly utilized in medicinal chemistry for scaffold modification to improve metabolic stability and solubility of lead compounds.