Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders and oncology. Its structure allows for selective functionalization, making it valuable in creating active pharmaceutical ingredients (APIs). Commonly employed in cross-coupling reactions such as Suzuki and Heck reactions to build complex molecules. Also utilized in agrochemicals for the production of herbicides and pesticides due to its stability and reactivity. Preferred in research settings for labeling and derivatization processes in medicinal chemistry.