Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules and heterocyclic compounds. Its reactivity allows for selective functionalization, making it valuable in constructing complex organic frameworks. Commonly employed in cross-coupling reactions such as Suzuki and Negishi couplings to form carbon-carbon bonds in drug discovery and materials science. Also utilized in the preparation of ligands for catalysis and in the design of functional organic materials.