Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic receptor ligands and central nervous system agents. Its structure allows for selective modification in drug design, making it valuable in creating compounds with neurological activity. Commonly employed in cross-coupling reactions, such as Suzuki or Heck reactions, to introduce aromatic or heteroaromatic moieties during medicinal chemistry research. Also utilized in the preparation of analogs for biological screening in early-stage drug discovery.