Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and anti-inflammatory agents. It serves as a building block in agrochemicals for creating herbicides and fungicides due to its ability to enhance bioactivity and selectivity. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for designing drug candidates with improved metabolic stability. Also employed in coordination chemistry as a ligand for metal complexes in catalysis.