Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other bioactive molecules. Its structure supports chelation and hydrogen bonding, making it valuable in designing enzyme inhibitors. Also employed in agrochemicals for the creation of herbicides and plant growth regulators due to its ability to interact with metal ions and biological targets in plants. Additionally, it serves as a building block in coordination chemistry for preparing metal-organic frameworks (MOFs) with potential catalytic or sensing applications.