Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of anxiolytic and sedative agents. Its structure supports binding to benzodiazepine receptors, making it valuable in central nervous system drug research. Also employed in the preparation of kinase inhibitors for potential use in cancer therapy. The compound’s halogenated aromatic framework enhances its reactivity in cross-coupling reactions, facilitating the creation of diverse derivatives for medicinal chemistry screening.