Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and other biologically active molecules. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for constructing complex heterocyclic systems. Commonly employed in cross-coupling reactions such as Suzuki or Heck reactions to build carbon-carbon bonds in drug discovery programs. Also utilized in the preparation of agrochemicals and functional materials due to its stability and reactivity profile.