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 functionalization, making it valuable in medicinal chemistry for creating analogs with improved biological activity. Also employed in agrochemical research to design novel pesticides with enhanced efficacy and selectivity. Commonly utilized in cross-coupling reactions such as Suzuki and Buchwald-Hartwig aminations to build complex heterocyclic systems.