Used in pharmaceutical synthesis as an intermediate for developing bioactive molecules, particularly in the production of receptor agonists and enzyme inhibitors. Commonly employed in the development of central nervous system (CNS) targeting drugs due to its ability to cross the blood-brain barrier. Also utilized in agrochemical research for designing novel pesticides with improved selectivity. Serves as a building block in cross-coupling reactions, especially in Suzuki and Negishi reactions, to construct complex aromatic systems for materials science and medicinal chemistry applications.