Used as an 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 building more complex drug candidates. It is also employed in agrochemical research for designing new pesticides and herbicides due to its ability to enhance molecular binding properties. Additionally, it serves as a building block in the preparation of ligands for catalysis and in the creation of functional materials where controlled polarity and hydrogen bonding are important.