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 medicinal chemistry for creating biologically active molecules. Also employed in agrochemical research for designing new pesticides due to its ability to enhance binding affinity with target enzymes in pests. Commonly utilized in organic synthesis to build complex heterocyclic systems through cross-coupling reactions and nucleophilic substitutions.