Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It plays a significant role in the creation of potential drug candidates, particularly in the development of kinase inhibitors, which are crucial for treating cancers and inflammatory diseases. Additionally, it is utilized in agrochemical research to develop new pesticides and herbicides, contributing to advancements in crop protection and agricultural productivity. Its structural properties make it valuable in organic synthesis for constructing complex chemical frameworks.