Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and antiviral agents. Its structure allows for selective functionalization, making it valuable in constructing complex heterocyclic systems found in active drug molecules. It is also employed in agrochemical research for designing novel pesticides and herbicides due to its reactivity and ability to participate in cross-coupling reactions. Commonly utilized in medicinal chemistry for scaffold modification to enhance potency and metabolic stability.