Used as an 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 creating targeted drug candidates. Commonly employed in cross-coupling reactions, such as Suzuki or Heck reactions, to build complex aromatic systems found in bioactive molecules. Also utilized in agrochemical research for designing novel pesticides and herbicides due to its stability and reactivity profile.