Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors for cancer treatment. Its structure enables effective binding to enzyme active sites, making it valuable in medicinal chemistry for designing drugs targeting specific signaling pathways. Also employed in agrochemical research for creating novel pesticides due to its stability and reactivity in organic transformations. Commonly utilized in Suzuki and Stille coupling reactions to build complex heterocyclic systems in drug discovery programs.