Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and anxiolytic agents. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for creating compounds with central nervous system activity. It is also employed in the preparation of biologically active molecules for research in neurodegenerative diseases and inflammation. Commonly utilized in cross-coupling reactions such as Suzuki and Buchwald-Hartwig to build complex heterocyclic systems in drug discovery programs.