Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) for central nervous system (CNS) drugs. Its structure allows for selective functionalization, making it valuable in constructing complex molecules for antidepressants and antipsychotics. Also employed in agrochemical research for designing novel pesticides due to its stability and reactivity in cross-coupling reactions. Commonly utilized in medicinal chemistry for structure-activity relationship (SAR) studies to optimize drug candidates.