Used as a key intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the development of herbicides and fungicides. Its structure allows for selective substitution reactions, making it valuable in creating active ingredients with improved efficacy and environmental profiles. Commonly employed in cross-coupling reactions such as Suzuki or Buchwald-Hartwig aminations to build complex molecules. Also utilized in research for novel drug candidates targeting central nervous system disorders due to its ability to cross biological membranes and interact with specific enzyme sites.