Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other bioactive molecules. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for constructing heterocyclic compounds. Commonly employed in cross-coupling reactions such as Suzuki or Heck reactions to form carbon-carbon bonds, enabling the assembly of complex molecules. Also utilized in agrochemical research for designing new active ingredients due to its reactivity and stability in multi-step syntheses.