Used in organic synthesis as an intermediate for pharmaceuticals, particularly in the development of antimalarial and anticancer agents. Its structure allows for functionalization at multiple sites, making it valuable in constructing complex heterocyclic systems. Commonly employed in cross-coupling reactions such as Suzuki and Heck reactions to form biaryl and substituted alkene derivatives. Also utilized in the preparation of kinase inhibitors and other biologically active molecules targeting inflammatory and infectious diseases.