Used as an intermediate in pharmaceutical synthesis, particularly in the development of kinase inhibitors and other bioactive molecules. Its structure allows for cross-coupling reactions, making it valuable in constructing complex organic compounds for drug discovery. Commonly employed in Suzuki and Buchwald-Hartwig reactions to form carbon-carbon and carbon-nitrogen bonds. Also utilized in the preparation of ligands for catalysis and in the synthesis of functionalized heterocycles for medicinal chemistry research.