Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure allows for functionalization at multiple sites, making it valuable in medicinal chemistry for building complex heterocyclic systems. Commonly employed in condensation reactions to form Schiff bases, which can be further modified into drug candidates. Also utilized in the preparation of fluorescent probes due to its ability to participate in conjugation reactions that enhance photophysical properties. Plays a role in agrochemical synthesis as a building block for novel pesticides and herbicides.