Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and central nervous system agents. Its structure allows for selective substitution reactions, making it valuable in medicinal chemistry for creating bioactive molecules. Commonly employed in cross-coupling reactions such as Suzuki or Buchwald-Hartwig aminations to build complex heterocyclic systems. Also utilized in research for developing potential anticancer and anti-inflammatory compounds due to its ability to interact with specific enzyme targets.