Used in pharmaceutical research as a key intermediate in the synthesis of potent kinase inhibitors, particularly those targeting G-protein coupled receptors (GPCRs) involved in neurological disorders. Its structure enables selective binding and modulation of receptor activity, making it valuable in developing treatments for anxiety, depression, and other CNS-related conditions. Also employed in radiolabeling studies due to the presence of iodine, allowing for imaging and tracer applications in preclinical models.