Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system agents and receptor modulators. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for constructing complex heterocyclic systems. Commonly employed in cross-coupling reactions, such as Suzuki or Buchwald-Hartwig, to introduce aryl or amino groups during drug discovery processes. Also utilized in the preparation of bioactive molecules targeting neurological disorders and cognitive function enhancers.