Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors and central nervous system (CNS) active compounds. Its structure supports binding to enzyme active sites, making it valuable in drug discovery for oncology and neurological disorders. Commonly employed in research settings to construct more complex molecules through nucleophilic substitution or cross-coupling reactions. Also utilized in the preparation of selective receptor modulators due to its ability to mimic bioactive scaffolds in medicinal chemistry.