Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its structure enables selective functionalization, making it valuable in constructing complex heterocyclic systems found in bioactive molecules. Commonly employed in cross-coupling reactions to introduce the pyrrolopyridine scaffold, which is prevalent in drugs targeting inflammatory diseases and neurological disorders. Also utilized in research settings to develop new antiviral agents due to its favorable reactivity and stability in various reaction conditions.