Used as an intermediate in the synthesis of biologically active compounds, particularly in the development of pharmaceuticals with potential antimicrobial and anticancer properties. Its structure supports derivatization for use in medicinal chemistry research, especially in designing kinase inhibitors and anti-inflammatory agents. Also employed in agrochemical research for developing new crop protection agents due to its reactive functional groups. Commonly utilized in laboratory settings for structure-activity relationship (SAR) studies involving heterocyclic compounds.