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 drug discovery programs targeting inflammation, cancer, and central nervous system disorders. Also employed in agrochemical research for designing novel pesticides and herbicides due to its ability to enhance molecular binding and stability. Commonly utilized in combinatorial chemistry and heterocyclic compound development for its reactivity and versatility in coupling reactions.