Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. It serves as a building block in the formation of nitrogen-containing heterocyclic compounds, which are common scaffolds in bioactive molecules. Its structure allows for functionalization at multiple sites, making it valuable in medicinal chemistry for developing kinase inhibitors and receptor modulators. Also employed in the synthesis of ligands for catalytic processes, especially in transition metal-catalyzed reactions.