Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antitumor and antiviral agents. Its structure allows for selective functionalization in drug design, enhancing bioavailability and target specificity. Also employed in agrochemical research for creating novel herbicides and pesticides due to its stability and reactivity profile. Widely utilized in cross-coupling reactions, such as Suzuki-Miyaura, to build complex biaryl ethers in medicinal chemistry.