Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors for cancer treatment. It is also employed in the production of agrochemicals, contributing to the creation of novel pesticides with improved efficacy. Its structure supports the design of bioactive molecules due to its ability to mimic certain biological motifs, making it valuable in medicinal chemistry research. Additionally, it serves as a building block in the preparation of functionalized heterocyclic compounds for use in materials science and drug discovery.