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 designing drug candidates. Also employed in agrochemicals to create herbicides and plant growth regulators due to its ability to influence metabolic pathways in plants. Additionally, serves as a ligand in catalytic reactions, enhancing the efficiency and selectivity of metal-catalyzed transformations in organic synthesis.