Used as a key intermediate in the synthesis of various pharmaceuticals and agrochemicals, particularly in the development of antiviral and anticancer agents. Its structure allows for selective functionalization, making it valuable in creating compounds with specific biological activities. Also employed in the production of organic electronic materials, where it serves as a building block for creating complex molecules with desirable electronic properties. Its reactivity with nucleophiles makes it useful in cross-coupling reactions, facilitating the construction of diverse chemical libraries for drug discovery and material science research.