Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its structure allows for selective modification, making it valuable in medicinal chemistry for creating targeted therapies. It is also employed in research settings to develop new bioactive molecules with potential antiviral and anti-inflammatory properties. Commonly utilized in cross-coupling reactions, such as Suzuki and Heck reactions, to build complex heterocyclic systems for drug discovery.