Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and central nervous system agents. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for constructing heterocyclic scaffolds. Commonly employed in cross-coupling reactions such as Suzuki and Buchwald-Hartwig aminations to build complex bioactive molecules. Also utilized in research settings for generating novel analogs in drug discovery programs targeting inflammation, cancer, and neurological disorders.