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 targeted drug candidates. Also employed in agrochemical research for designing new pesticides and herbicides due to its stability and reactivity in cross-coupling reactions. Commonly utilized in palladium-catalyzed reactions such as Suzuki and Heck couplings to build complex aromatic systems.