Used as an 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 potential anti-inflammatory, antiviral, or anticancer activity. 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 combinatorial chemistry and high-throughput screening for lead compound optimization.