Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) targeting central nervous system disorders and anti-inflammatory agents. Its structure allows for selective functionalization, making it valuable in constructing complex heterocyclic compounds. Also employed in agrochemical research for developing novel pesticides and herbicides due to its reactivity and stability in multi-step reactions. Commonly utilized in cross-coupling reactions such as Suzuki and Buchwald-Hartwig aminations to form carbon-carbon and carbon-nitrogen bonds in advanced organic synthesis.