Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for constructing complex molecules. Commonly employed in cross-coupling reactions such as Suzuki or Negishi couplings to introduce aryl or alkyl groups. Also utilized in agrochemical research for designing novel pesticides and herbicides due to its ability to enhance binding affinity and metabolic stability in target compounds.