Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) with anti-inflammatory and analgesic properties. Its structure allows for selective functionalization, making it valuable in constructing complex organic molecules. Commonly employed in cross-coupling reactions, such as Suzuki or Heck reactions, to build biaryl systems found in various drug candidates. Also utilized in the preparation of fluorinated analogs in medicinal chemistry to enhance metabolic stability and bioavailability. Widely applied in research and development within the agrochemical industry for designing novel pesticides and herbicides.