Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other bioactive molecules. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for constructing complex heterocyclic compounds. Commonly employed in cross-coupling reactions to form carbon-carbon bonds, it contributes to the preparation of drug candidates targeting cancer, inflammation, and central nervous system disorders. Also utilized in agrochemical research for designing novel pesticides and herbicides due to its favorable reactivity and stability.