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 cross-coupling reactions, making it valuable in creating complex molecules for drug discovery. Commonly employed in palladium-catalyzed reactions such as Suzuki and Heck couplings to form carbon-carbon bonds. Also utilized in the preparation of agrochemicals and functional materials due to its stability and reactivity profile.