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 creating complex drug molecules. Commonly employed in cross-coupling reactions such as Suzuki and Negishi couplings to build carbon-carbon bonds in medicinal chemistry. Also utilized in agrochemical synthesis for developing herbicides and pesticides due to its stability and reactivity profile.