Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antiviral and antibacterial agents. Its structure allows for selective functionalization, making it valuable in constructing nitrogen-containing heterocyclic compounds. It is also employed in agrochemical research for designing novel pesticides and herbicides due to its electron-withdrawing properties and reactivity profile. Commonly utilized in cross-coupling reactions and nucleophilic substitutions to build complex molecules in medicinal chemistry.