Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and other bioactive molecules targeting neurological disorders and cancer. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for creating analogs with enhanced binding affinity and metabolic stability. Commonly employed in cross-coupling reactions such as Suzuki or Buchwald-Hartwig aminations to build complex heterocyclic systems found in drug candidates. Also utilized in agrochemical research for designing novel pesticides with improved efficacy and selectivity.