Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure allows for selective functionalization, making it valuable in creating complex heterocyclic systems found in drug candidates. Commonly employed in cross-coupling reactions such as Suzuki and Heck reactions to build carbon-carbon bonds in medicinal chemistry. Also utilized in agrochemical research for designing new pesticides and herbicides due to its reactivity and stability in various synthetic pathways.