Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and anxiolytic agents. Its structure supports binding to specific enzyme active sites, making it valuable in drug discovery for neurological and oncological therapies. Also employed in agrochemical research for designing novel pesticides due to its stability and reactivity in cross-coupling reactions. Commonly utilized in Suzuki and Buchwald-Hartwig reactions to build complex heterocyclic systems in medicinal chemistry.