Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its structure supports binding to specific enzyme active sites, enhancing selectivity and potency. Commonly employed in research settings to construct more complex heterocyclic systems for drug discovery. Also utilized in the preparation of serotonin receptor modulators due to its resemblance to indole scaffolds. Suitable for coupling reactions in medicinal chemistry, especially in Suzuki and Buchwald-Hartwig reactions, enabling the formation of C–C and C–N bonds for library diversification.