Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other bioactive molecules. Its structure allows for selective modifications, making it valuable in medicinal chemistry for creating compounds with potential anticancer and anti-inflammatory properties. Commonly employed in research settings to build more complex molecules through cross-coupling reactions or nucleophilic substitutions. Also utilized in the preparation of agrochemicals and functional materials due to its reactivity and stability under various reaction conditions.