Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. Its structure allows for selective functionalization, making it valuable in constructing complex bioactive molecules. Commonly employed in cross-coupling reactions such as Suzuki-Miyaura and Negishi couplings to form carbon-carbon bonds in drug discovery pipelines. Also utilized in agrochemical research for designing novel pesticides with improved efficacy and selectivity.