Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for creating drug candidates targeting cancer and inflammatory diseases. Also employed in agrochemicals to build active ingredients in pesticides and herbicides due to its stability and reactivity. Commonly utilized in research laboratories for constructing complex organic molecules through cross-coupling reactions like Suzuki and Negishi couplings.