Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) for central nervous system disorders and anti-inflammatory agents. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for constructing complex molecules. Also employed in agrochemical research for designing new crop protection agents due to its stability and reactivity in coupling reactions. Commonly utilized in Suzuki and Buchwald-Hartwig reactions to form carbon-carbon and carbon-nitrogen bonds in drug discovery pipelines.