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 creating potential drug candidates targeting cancer and inflammatory diseases. Also employed in agrochemical research to build active ingredients in crop protection agents due to its stability and reactivity in cross-coupling reactions. Commonly utilized in Suzuki and Negishi reactions to form carbon-carbon bonds in complex molecule assembly.