Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of bioactive molecules and drug candidates targeting central nervous system disorders. Its structure allows for functionalization at multiple sites, making it valuable in medicinal chemistry for building complex heterocyclic systems. Commonly employed in cross-coupling reactions to form C–C and C–N bonds, it supports the creation of diverse compound libraries for screening in drug discovery. Also utilized in the preparation of receptor ligands and enzyme inhibitors due to its favorable binding properties and stability.