Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system agents and antipsychotic drugs. Its structure supports the formation of bioactive molecules by serving as a building block in cross-coupling reactions, such as Suzuki or Buchwald–Hartwig aminations. Commonly employed in medicinal chemistry for modifying aromatic cores to enhance binding affinity and metabolic stability. Also utilized in the preparation of selective ligands for neurological receptors due to its favorable electronic and steric properties.