Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of bioactive molecules with potential antimicrobial and anticancer properties. Its structure allows for further functionalization, making it valuable in medicinal chemistry for constructing complex heterocyclic systems. Commonly employed in Suzuki and other cross-coupling reactions to form carbon-carbon bonds in drug discovery research. Also utilized in the preparation of agrochemicals and functional materials due to its reactivity and stability in various reaction conditions.