Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders and antimicrobial agents. Its reactivity allows for selective functionalization in heterocyclic chemistry, making it valuable in creating complex organic molecules. Commonly employed in cross-coupling reactions such as Suzuki and Heck reactions to build biaryl structures. Also utilized in agrochemical synthesis for the production of pesticides and herbicides. The oxide group enhances solubility and influences the electronic properties, improving reaction efficiency in catalytic processes.