Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other bioactive molecules. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for creating compounds with high target specificity. Commonly employed in the preparation of antitumor, anti-inflammatory, and neurodegenerative disease-targeted agents. Also utilized in agrochemical research for designing novel pesticides and herbicides due to its favorable reactivity and stability in multi-step reactions.