Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) targeting central nervous system disorders and anti-inflammatory 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 form carbon-carbon bonds in drug discovery. Also utilized in agrochemical research for developing novel pesticides and herbicides due to its reactivity and stability in multi-step syntheses.