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 creating compounds with central nervous system activity. Also employed in agrochemical research for designing novel pesticides and herbicides due to its ability to modulate biological pathways in target organisms. Commonly utilized in cross-coupling reactions, such as Suzuki and Buchwald-Hartwig aminations, to build complex aromatic systems in drug discovery programs.