Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure supports the formation of heterocyclic systems important in drug design. It is also employed in agrochemicals for creating novel pesticides and herbicides due to its reactivity and ability to form stable derivatives. Additionally, it serves in research laboratories for building complex molecules in medicinal chemistry and for generating compound libraries in high-throughput screening.