Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of herbicides and insecticides. Its structure allows for selective functionalization, making it valuable in creating active ingredients with high biological activity. Commonly employed in cross-coupling reactions such as Suzuki and Negishi couplings to build complex molecules in drug discovery. Also utilized in the preparation of kinase inhibitors and other bioactive compounds targeting central nervous system disorders and inflammatory diseases.