Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure supports the formation of heterocyclic frameworks common in drug design. It is also employed in agrochemicals for creating novel pesticides and herbicides due to its ability to enhance molecular stability and binding affinity. Additionally, it serves as a building block in materials science for developing organic electronic materials and coordination compounds with metal ions for catalytic applications.