Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of kinase inhibitors and antiviral agents. Its structure allows for selective functionalization in heterocyclic chemistry, making it valuable in creating bioactive molecules. Commonly employed in cross-coupling reactions such as Suzuki and Heck reactions to build complex organic compounds. Also utilized in medicinal chemistry research for designing novel drug candidates targeting inflammation, cancer, and neurological disorders.