Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antiviral and anticancer agents. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for designing kinase inhibitors and other bioactive molecules. Commonly employed in research settings to construct more complex heterocyclic systems with potential therapeutic activity. Also utilized in the preparation of ligands for metal-catalyzed reactions, supporting its role in both drug discovery and synthetic methodology development.