Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and other biologically active molecules. Its structure allows for selective cross-coupling reactions, making it valuable in medicinal chemistry for constructing complex heterocyclic systems. Commonly employed in Suzuki and Negishi reactions to form carbon-carbon bonds, enabling the introduction of aryl or vinyl groups. Also utilized in agrochemical research for designing novel active ingredients due to its reactivity and stability under various transformation conditions.