Used in pharmaceutical research as a key intermediate in the synthesis of biologically active compounds, particularly in the development of kinase inhibitors and neuropharmacological agents. Its structure supports binding to specific enzyme active sites, making it valuable in drug discovery for central nervous system disorders and cancer therapies. The iodine substituent allows for further functionalization via cross-coupling reactions, enabling rapid diversification in medicinal chemistry campaigns. Also employed in the preparation of radiolabeled derivatives for use in imaging studies and receptor binding assays.