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 creating complex heterocyclic compounds. Commonly employed in cross-coupling reactions such as Suzuki and Buchwald-Hartwig aminations to build biaryl and arylamine systems found in active drug molecules. Also utilized in agrochemical research for designing novel pesticides and herbicides due to its reactivity and stability in various reaction conditions.