Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its structure supports binding to specific enzyme targets, making it valuable in medicinal chemistry for designing drugs with high selectivity. Also employed in agrochemical research for creating novel pesticides due to its stability and reactivity in coupling reactions. Commonly utilized in Suzuki and Buchwald-Hartwig reactions to build complex heterocyclic systems in drug discovery programs.