Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of antihypertensive drugs and kinase inhibitors. It serves as a building block in the development of compounds with biological activity, including those targeting inflammatory diseases and cancer. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for creating diverse compound libraries during drug discovery. Also employed in the preparation of agrochemicals and specialty chemicals due to its reactivity and ability to form stable derivatives.