Used in pharmaceutical research as a key intermediate in the synthesis of biologically active compounds, particularly in the development of kinase inhibitors and CNS-active agents. Its structure supports functionalization at multiple sites, making it valuable in medicinal chemistry for optimizing drug candidates. Also employed in agrochemical research for designing novel pesticides and herbicides due to its stable heterocyclic core. Commonly utilized in Suzuki and Buchwald-Hartwig coupling reactions to build complex molecules in high-throughput screening libraries.