Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and antitumor agents. Its structure allows for selective binding in biological systems, making it valuable in medicinal chemistry for designing drugs targeting cancer and inflammatory diseases. Also employed in agrochemical research for creating novel pesticides due to its ability to enhance bioactivity in active ingredients. Commonly utilized in Suzuki and other cross-coupling reactions to build complex heterocyclic systems in drug discovery.