Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antihypertensive and antiviral agents. Its structure allows for functionalization in heterocyclic chemistry, making it valuable in creating biologically active molecules. Also employed in research for agrochemicals, including certain pesticides and plant growth regulators, due to its ability to influence metabolic pathways in organisms. Its derivatives are explored for their potential in coordination chemistry as ligands in metal-organic frameworks.