Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other bioactive molecules. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for building complex heterocyclic compounds. Commonly employed in cross-coupling reactions, such as Suzuki or Heck reactions, to introduce aromatic or substituted aromatic moieties. Also utilized in agrochemical research for designing new active ingredients due to its reactivity and stability in various transformation processes.