Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its structure allows for selective functionalization, making it valuable in creating biologically active molecules. Commonly employed in cross-coupling reactions such as Suzuki-Miyaura and Buchwald-Hartwig aminations to build complex drug-like scaffolds. Also utilized in agrochemical research for designing novel pesticides and herbicides due to its favorable reactivity and stability.