Used in pharmaceutical research as a key intermediate in the synthesis of kinase inhibitors and other bioactive molecules. Its structure allows for selective modifications, making it valuable in developing compounds with potential anticancer and anti-inflammatory properties. Commonly employed in cross-coupling reactions such as Suzuki or Buchwald-Hartwig to build complex heterocyclic systems for drug discovery. Also utilized in the preparation of fluorescent probes and materials for organic electronics due to its stable aromatic framework and electron-deficient character.