Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antiviral and antibacterial agents. Its structure allows for selective functionalization, making it valuable in creating active pharmaceutical ingredients (APIs) with targeted biological activity. Commonly employed in cross-coupling reactions and heterocyclic compound formation, it supports the construction of complex drug molecules. Also utilized in agrochemical research for designing novel pesticides and herbicides due to its reactivity and ability to enhance molecular diversity.