Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) for central nervous system (CNS) drugs. It serves as a building block in the preparation of selective kinase inhibitors and other bioactive molecules due to its ability to undergo palladium-catalyzed cross-coupling reactions. Its structure allows for efficient derivatization, making it valuable in medicinal chemistry for optimizing drug potency and metabolic stability. Also employed in research settings for the design of novel anti-inflammatory and anticancer agents.