Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and antipsychotic agents. Its structure allows for selective modification, making it valuable in medicinal chemistry for optimizing drug potency and binding affinity. Commonly employed in research settings to construct complex molecules targeting central nervous system disorders and certain cancers. Also utilized in the preparation of receptor antagonists due to its ability to interact with specific biological targets through hydrogen bonding and aromatic interactions.