Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) agents and kinase inhibitors. Its structure allows for selective modifications, making it valuable in medicinal chemistry for creating compounds with biological activity. Commonly employed in research settings to build more complex molecules targeting neurological disorders and certain types of cancer. Also utilized in the preparation of receptor ligands and enzyme modulators due to its favorable reactivity and stability in multi-step reactions.