Used as a key intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the development of herbicides and plant growth regulators. Its structure allows for selective functionalization, making it valuable in creating active ingredients that target specific enzymes in pests or weeds. Also employed in research for developing novel kinase inhibitors due to its ability to act as a scaffold in medicinal chemistry. Solubility and reactivity profile support its use in aqueous and organic reaction systems, enhancing versatility in industrial processes.