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 creating biologically active molecules. Commonly employed in cross-coupling reactions such as Suzuki or Heck reactions to build complex heterocyclic systems found in drug candidates. Also utilized in research settings to explore new pathways in medicinal chemistry, especially in targeting neurological disorders and inflammatory diseases.