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 creating drug candidates targeting cancer and inflammatory diseases. Commonly employed in cross-coupling reactions, such as Suzuki-Miyaura and Buchwald-Hartwig, to build complex heterocyclic systems found in modern therapeutics. Also utilized in agrochemical research for designing novel pesticides and herbicides due to its reactivity and stability in various reaction conditions.