Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and central nervous system (CNS) agents. Its structure allows for selective functionalization, making it valuable in constructing complex heterocyclic systems found in bioactive molecules. Commonly employed in cross-coupling reactions to introduce the dihydrothienopyridine scaffold, which enhances metabolic stability and binding affinity in drug candidates. Widely utilized in medicinal chemistry research for optimizing lead compounds in oncology and neurological disorders.