Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its structure allows for selective functionalization, making it valuable in constructing complex heterocyclic systems found in bioactive molecules. Commonly employed in cross-coupling reactions such as Suzuki or Heck reactions to expand molecular diversity in drug discovery programs. Also utilized in the preparation of potent antiviral and anti-inflammatory agents due to its favorable reactivity and stability in multi-step organic syntheses.