Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and other biologically active molecules. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for building complex heterocyclic systems. Commonly employed in cross-coupling reactions such as Suzuki or Buchwald-Hartwig amination to introduce aryl or amino groups. Also utilized in agrochemical research for designing novel pesticides and herbicides due to its ability to modulate biological activity in target organisms.