Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, 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 building complex molecules. Also employed in materials science for the preparation of organic semiconductors and ligands in catalytic systems. Commonly utilized in cross-coupling reactions such as Suzuki and Heck reactions to form carbon-carbon bonds in advanced synthetic pathways.