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 medicinal chemistry for building complex heterocyclic systems. Commonly employed in cross-coupling reactions such as Suzuki and Heck reactions to form carbon-carbon bonds in drug discovery. Also utilized in the preparation of agrochemicals and functional materials due to its stability and reactivity profile.