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 substitution reactions, making it valuable in medicinal chemistry for creating targeted drug candidates. Commonly employed in the preparation of compounds with potential anti-inflammatory, anticancer, and neuroprotective activities. Also utilized in agrochemical research for designing novel pesticides and herbicides due to its ability to enhance molecular binding affinity.