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 constructing complex drug molecules. Commonly employed in cross-coupling reactions such as Suzuki and Negishi couplings to form carbon-carbon bonds in the preparation of drug candidates. Also utilized in agrochemical research for designing new pesticides and herbicides due to its ability to enhance molecular stability and binding affinity.