Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antiviral and anticancer agents. Its structure allows for selective functionalization, making it valuable in constructing complex heterocyclic compounds. Commonly employed in cross-coupling reactions such as Suzuki and Heck reactions to build biaryl systems in drug candidates. Also utilized in agrochemical research for designing novel pesticides and herbicides due to its electron-deficient aromatic core, which enhances binding to biological targets.