Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other bioactive molecules. Its functional groups enable selective coupling reactions, making it valuable in medicinal chemistry for constructing complex aromatic frameworks. Commonly employed in Suzuki and other palladium-catalyzed cross-coupling reactions to form carbon-carbon bonds in drug discovery programs. Also utilized in the preparation of agrochemicals and functional materials due to its stability and reactivity profile.