Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and antiviral agents. Its structure allows for selective modification, making it valuable in medicinal chemistry for creating compounds with targeted biological activity. Also employed in agrochemical research for designing new pesticides and herbicides due to its ability to enhance molecular binding and stability. Commonly utilized in cross-coupling reactions such as Suzuki and Heck reactions to build complex heterocyclic systems in drug discovery.