Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for constructing complex heterocyclic systems. Commonly employed in cross-coupling reactions such as Suzuki or Heck reactions to introduce aryl or vinyl groups, enabling the exploration of structure-activity relationships in drug candidates. Also utilized in research settings to develop new bioactive molecules targeting inflammatory and neurological disorders.