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 modification, making it valuable in creating targeted therapies. It is also employed in the preparation of biologically active heterocyclic compounds, contributing to research in neurodegenerative diseases and inflammation. Due to its reactivity, it serves as a building block in cross-coupling reactions, enabling the formation of complex molecules in drug discovery programs.