Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules. Its structure allows for selective functionalization, making it valuable in building complex heterocyclic compounds. Commonly employed in cross-coupling reactions to form carbon-heteroatom bonds, it plays a role in the preparation of kinase inhibitors and other medicinal agents. Also utilized in research for designing novel pesticides due to its reactivity and ability to interact with biological targets.