Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for treating cancer and inflammatory diseases. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also employed in the preparation of biologically active pyrazole derivatives, which are explored for their potential therapeutic applications. Additionally, it is utilized in material science for creating advanced organic compounds with specific electronic properties.