Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and antiviral agents. Its structure allows for selective functionalization, making it valuable in constructing complex heterocyclic systems found in active drug molecules. Commonly employed in cross-coupling reactions such as Suzuki or Buchwald-Hartwig aminations to introduce aryl or amine groups. Also utilized in agrochemical research for designing novel pesticides and herbicides due to its stability and reactivity profile.