Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors for targeted cancer therapies. Its structure enables effective binding to specific enzyme active sites, enhancing drug potency. Also employed in agrochemicals for designing novel pesticides with improved selectivity and environmental safety. The carboxylic acid group allows for easy derivatization, making it valuable in medicinal chemistry for creating amide and ester analogs during structure-activity relationship studies.