Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic receptor modulators and kinase inhibitors. Its structure allows for selective functionalization, making it valuable in creating active pharmaceutical ingredients (APIs) for neurological and inflammatory conditions. Commonly employed in cross-coupling reactions such as Suzuki and Heck reactions to build complex heterocyclic systems. Also utilized in agrochemical research for designing new pesticides with improved efficacy and selectivity.