Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in the preparation of active pharmaceutical ingredients (APIs) due to its ability to undergo selective reactions at the aldehyde group. Commonly employed in cross-coupling reactions and condensation processes to form complex heterocyclic systems. Also utilized in agrochemical research for designing novel bioactive molecules. Its aromatic and heterocyclic structure enhances binding affinity in drug-receptor interactions.