Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. It is also employed in the production of agrochemicals, including herbicides and fungicides, due to its ability to enhance bioactivity when incorporated into larger molecules. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for building complex heterocyclic compounds. Additionally, it serves as a building block in the creation of novel materials in organic electronics.