Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of bioactive molecules and drug candidates. Its structure allows for easy modification, making it valuable in creating compounds with potential antipsychotic, antidepressant, or antimicrobial activity. Commonly employed in medicinal chemistry for building nitrogen-containing heterocycles and functionalized aromatic systems. Also utilized in the preparation of ligands for metal-catalyzed reactions and in the design of receptor agonists or antagonists.