Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and anxiolytic agents. Its structure allows for selective binding in biological systems, making it valuable in drug discovery. Commonly employed in cross-coupling reactions such as Suzuki-Miyaura to introduce aryl groups, enhancing molecular diversity for screening. Also utilized in the preparation of imidazopyridine-based therapeutics targeting central nervous system disorders and inflammation.