This chemical is primarily utilized in organic synthesis as a building block for the development of various pharmaceutical compounds. It serves as a key intermediate in the production of drugs targeting specific biological pathways, particularly in the synthesis of kinase inhibitors. These inhibitors are crucial in treating diseases such as cancer, where they help regulate cell signaling and proliferation. Additionally, it is employed in the creation of agrochemicals, contributing to the development of pesticides and herbicides that protect crops from pests and diseases. Its versatile structure allows for further functionalization, making it valuable in research and industrial applications aimed at discovering new therapeutic and agricultural solutions.