Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of bioactive molecules targeting central nervous system disorders. Its structure allows for selective modifications, making it valuable in medicinal chemistry for creating analogs with enhanced potency and selectivity. Commonly employed in the preparation of kinase inhibitors and receptor modulators due to its ability to mimic natural substrates and bind effectively to target proteins. Also utilized in agrochemical research for designing novel pesticides with improved environmental stability and activity.