Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure allows for selective functionalization in cross-coupling reactions, making it valuable in medicinal chemistry for building complex molecules. Commonly employed in Suzuki and Buchwald–Hartwig reactions to form carbon–carbon and carbon–nitrogen bonds. Also utilized in the preparation of ligands for catalysis and in materials science for designing functional organic materials.