Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its structure allows for selective functionalization in heterocyclic chemistry, making it valuable in constructing complex bioactive molecules. Commonly employed in cross-coupling reactions such as Suzuki or Heck reactions to form carbon-carbon bonds in drug discovery pipelines. Also utilized in the preparation of pyrrolopyridine-based derivatives with potential antiviral and anti-inflammatory activities.