Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in the preparation of bioactive molecules due to its ability to form stable complexes with metal ions, making it valuable in catalysis and medicinal chemistry. Also employed in the production of dyes and functional materials where nitrogen-rich heterocyclic frameworks are required. Its structural features allow for easy functionalization, enabling its use in combinatorial chemistry and drug discovery research.