Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in agrochemicals, contributing to the creation of herbicides and insecticides due to its ability to enhance biological activity in active ingredients. Also employed in research for the design of novel compounds with potential anti-inflammatory and antimicrobial properties. Its structure allows for easy functionalization, making it valuable in combinatorial chemistry and drug discovery.