Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for creating analogs with potential anti-inflammatory, antiviral, or anticancer properties. Also employed in agrochemical research for designing novel pesticides and herbicides due to its ability to modulate biological activity in target organisms. Commonly utilized in cross-coupling reactions such as Suzuki or Buchwald-Hartwig to build complex heterocyclic systems.