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 constructing heterocyclic compounds. Commonly employed in cross-coupling reactions to form carbon-carbon or carbon-nitrogen bonds, it supports the creation of complex drug candidates. Also utilized in agrochemical research for designing novel pesticides and herbicides due to its reactivity and stability in various reaction conditions.