Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and central nervous system agents. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for creating bioactive molecules. Commonly employed in cross-coupling reactions such as Suzuki and Buchwald-Hartwig aminations to build complex heterocyclic systems. Also utilized in agrochemical research for designing novel pesticides and herbicides due to its stability and reactivity profile.