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, or anti-inflammatory activity. Also employed in the preparation of heterocyclic compounds used in agrochemicals and organic electronic materials due to its electron-rich aromatic system and halogen handle for cross-coupling reactions.