Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) for treating various diseases. It plays a significant role in the production of compounds with potential anticancer, antiviral, and anti-inflammatory properties. Additionally, it is utilized in organic synthesis for constructing complex molecules, especially in cross-coupling reactions like Suzuki or Sonogashira reactions, which are essential in medicinal chemistry. Its unique structure makes it valuable for creating diverse chemical libraries in drug discovery research.