Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of herbicides and fungicides. Its structure allows for selective functionalization, making it valuable in creating active ingredients with improved efficacy and environmental profiles. Commonly employed in cross-coupling reactions, such as Suzuki or Buchwald-Hartwig, to build complex molecules in medicinal chemistry research. Also utilized in the preparation of kinase inhibitors and other biologically active compounds in drug discovery programs.