Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for creating potential anticancer, anti-inflammatory, and antimicrobial agents. Commonly employed in cross-coupling reactions such as Suzuki or Buchwald-Hartwig to build complex heterocyclic systems found in drug candidates. Also utilized in agrochemical research for designing novel pesticides and herbicides due to its favorable electronic and steric properties.