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 easy functionalization, making it valuable in medicinal chemistry for creating analogs and derivatives. Commonly employed in research settings to build complex heterocyclic systems. Also utilized in agrochemical research for designing new active ingredients. Its ester and hydroxymethyl groups provide sites for further chemical modification, enabling its use in combinatorial chemistry and high-throughput screening.