Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and antiviral agents. Its structure supports the construction of more complex heterocyclic systems found in biologically active molecules. Commonly employed in medicinal chemistry for scaffold modification and drug optimization. Also utilized in the preparation of fluorescent probes due to its ability to participate in condensation reactions forming conjugated systems. Shows potential in agrochemical research for designing novel pesticides with targeted activity.