Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antiviral and anticancer agents. Its structure allows for selective functionalization, making it valuable in creating active pharmaceutical ingredients (APIs) with targeted biological activity. Also employed in agrochemicals for the production of herbicides and pesticides due to its ability to modulate biological pathways in pests and weeds. Commonly utilized in research settings for building complex heterocyclic compounds in medicinal chemistry.