Used as a key intermediate in the synthesis of bioactive molecules, particularly in pharmaceuticals targeting central nervous system disorders and infectious diseases. Its structure enables functionalization at multiple sites, making it valuable in medicinal chemistry for developing kinase inhibitors and anxiolytic agents. Commonly employed in cross-coupling reactions such as Suzuki and Heck reactions to build complex heterocyclic systems. Also utilized in agrochemical research for designing novel pesticides with improved efficacy and selectivity.