Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules with central nervous system activity. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building more complex heterocyclic compounds. Commonly employed in coupling reactions such as Suzuki or Heck reactions to form carbon-carbon bonds in drug discovery programs. Also utilized in the preparation of selective receptor ligands and enzyme inhibitors due to its stable aromatic framework and reactive bromine site.