Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and antitumor agents. Its structure allows for selective derivatization, making it valuable in medicinal chemistry for creating libraries of bioactive molecules. Commonly employed in research settings to design compounds targeting neurological disorders and cancer due to its ability to cross the blood-brain barrier and interact with specific enzyme systems. Also utilized in the preparation of fluorescent probes for biochemical assays, leveraging its halogenated aromatic framework for conjugation and detection.