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 creating targeted therapies. It is also employed in research settings to explore new pathways in medicinal chemistry, especially in central nervous system drug discovery due to its ability to cross the blood-brain barrier. Additionally, the compound serves as a building block in the preparation of fluorophores and imaging agents owing to its halogen substituents, which facilitate coupling reactions in organic synthesis.