Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for creating targeted drug candidates. Also employed in agrochemical research for designing novel pesticides and herbicides due to its reactivity and ability to form stable derivatives. Commonly utilized in cross-coupling reactions such as Suzuki and Buchwald-Hartwig aminations to build complex aromatic systems in drug discovery programs.