Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of antihypertensive and anti-inflammatory agents. It serves as a building block in the development of kinase inhibitors and other biologically active compounds due to its ability to coordinate with metal ions and participate in hydrogen bonding. Also employed in agrochemical formulations for the creation of herbicides and plant growth regulators. Its structural properties make it valuable in the design of catalysts and ligands for organic transformations.