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 medicinal chemistry due to its ability to enhance binding affinity and selectivity in drug molecules targeting neurological and inflammatory disorders. Also employed in agrochemicals for designing novel pesticides with improved efficacy and environmental safety. Its structural features make it valuable in creating complex heterocyclic compounds through coupling reactions and catalytic transformations.