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 functionalization, making it valuable in medicinal chemistry for creating bioactive molecules. Commonly employed in cross-coupling reactions such as Suzuki and Buchwald-Hartwig aminations to build complex heterocyclic systems found in drug candidates. Also utilized in research settings to develop novel compounds targeting central nervous system disorders and cancer.