Used as a key intermediate in the synthesis of biologically active compounds, particularly in the development of agrochemicals and pharmaceuticals. Its structure supports the creation of molecules with herbicidal and fungicidal properties. It is also employed in medicinal chemistry research for designing kinase inhibitors and other targeted therapies due to its ability to interact with specific enzyme systems. The compound's reactivity allows for further functionalization, making it valuable in building complex heterocyclic systems in drug discovery programs.