Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure supports coordination with metal ions, making it valuable in catalysis for cross-coupling reactions. Also employed in the preparation of ligands for transition metal-catalyzed reactions, enhancing reaction efficiency and selectivity. Additionally, it serves as a building block in the creation of functional materials and supramolecular systems due to its ability to form stable complexes with various metal centers.