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 constructing complex molecules. It is also employed in agrochemical research for designing new pesticides and herbicides due to its reactivity and ability to form stable derivatives. Commonly utilized in cross-coupling reactions and heterocyclic synthesis to build advanced intermediates in drug discovery programs.