Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules. Its structure allows for further functionalization, making it valuable in constructing complex organic compounds. Commonly employed in cross-coupling reactions to form carbon-carbon bonds, it plays a role in the preparation of drug candidates targeting central nervous system disorders and inflammatory conditions. Also utilized in the creation of heterocyclic compounds with potential antimicrobial or antitumor activity.