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 creating compounds with potential anticancer, antiviral, and anti-inflammatory properties. 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.