Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for creating targeted drug candidates. Also employed in agrochemical research for designing novel pesticides and herbicides due to its reactivity and ability to interact with biological systems. Commonly utilized in cross-coupling reactions, such as Suzuki and Heck reactions, to build complex aromatic systems in both academic and industrial research settings.