Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for creating targeted therapies. Commonly employed in cross-coupling reactions to introduce aryl or heteroaryl groups, facilitating the construction of complex molecules in drug discovery. Also utilized in research settings to develop novel bioactive agents with potential antitumor and anti-inflammatory properties.