Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceutical research. It serves in the development of central nervous system agents due to its structural similarity to neurotransmitter analogs. Commonly employed in the preparation of novel kinase inhibitors and receptor modulators. Its bromo functionality allows for further functionalization via cross-coupling reactions, making it valuable in medicinal chemistry for building complex heterocyclic systems. Also utilized in the design of potential antipsychotic and antidepressant candidates.