Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its ability to form heterocyclic structures through cyclization reactions. Commonly employed in the preparation of substituted hydrazones and triazole derivatives, which exhibit biological activity such as antitumor, antimicrobial, and anti-inflammatory effects. Its structure allows for easy modification, making it valuable in structure-activity relationship (SAR) studies during drug discovery.