Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its structure enables selective binding to biological targets, making it valuable in drug discovery. Commonly employed in Suzuki-Miyaura cross-coupling reactions to form carbon-carbon bonds, it helps build complex heterocyclic systems found in bioactive molecules. Also utilized in the preparation of protease inhibitors and anti-inflammatory agents due to its stability and reactivity profile.