Used as a key 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 constructing complex heterocyclic compounds. Also employed in agrochemical research for designing novel pesticides and herbicides due to its ability to enhance binding selectivity in target molecules. Additionally, it serves as a building block in coordination chemistry, forming stable complexes with metal ions for use in catalysis.