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 such as Suzuki-Miyaura and Negishi couplings to form carbon-carbon bonds in drug discovery. Also utilized in agrochemical research for designing novel pesticides and herbicides due to its ability to modulate biological activity in target organisms.