Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other bioactive molecules. Its structure enables efficient participation in click chemistry reactions, making it valuable in medicinal chemistry for building complex heterocyclic compounds. It is also employed in agrochemical research for designing novel pesticides and herbicides due to its stability and reactivity. Additionally, it serves as a derivatizing agent in analytical chemistry to enhance detection of certain functional groups.