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 medicinal chemistry due to its ability to form stable heterocyclic structures that interact with biological targets. Commonly employed in the preparation of antitumor agents and anti-inflammatory compounds. Also utilized in agrochemicals for designing novel pesticides with improved efficacy. Its structural features make it suitable for catalysis and ligand design in organometallic reactions.