Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its structure allows for selective cross-coupling reactions, making it valuable in constructing complex heterocyclic systems found in bioactive molecules. Commonly employed in palladium-catalyzed reactions to introduce the furo[3,2-b]pyridine scaffold into target compounds. Also utilized in research settings for the development of new neuroprotective and anti-inflammatory agents.