Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors, antimicrobial agents, antivirals, and drugs acting on the central nervous system. Its structure serves as a building block for creating highly specific derivatives. Commonly employed in palladium-catalyzed reactions, such as Suzuki coupling or Buchwald-Hartwig amination, to append various functional groups and yield products with potential for further drug development. Its halogenated structure enables selective binding in biological systems, making it valuable in medicinal chemistry for designing drugs targeting specific enzymes and receptors. Also employed in research for creating novel heterocyclic compounds with potential therapeutic activity.