Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents and antidepressants. Its structure allows for the introduction of bromine and amine functionalities, making it valuable in medicinal chemistry for building complex molecules. Commonly employed in cross-coupling reactions such as Suzuki or Ullmann reactions to form biaryl compounds. Also utilized in the preparation of ligands for catalysts and in the research of receptor ligands for neurological targets. Its versatility supports applications in both drug discovery and organic synthesis.