Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in the preparation of active pharmaceutical ingredients (APIs) due to its ability to undergo cross-coupling reactions, such as Suzuki or Buchwald-Hartwig aminations. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for optimizing drug potency and selectivity. Also employed in the research and development of agrochemicals and organic electronic materials.