Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its structure allows for selective modification, making it valuable in medicinal chemistry for creating potent bioactive molecules. Also employed in research settings to design novel drug candidates targeting neurological disorders due to its ability to cross the blood-brain barrier. Commonly utilized in coupling reactions, such as Suzuki and Buchwald-Hartwig, to build complex heterocyclic systems in drug discovery programs.