Used primarily as an intermediate in organic synthesis, this compound plays a key role in the preparation of pharmaceuticals and biologically active molecules. Its structure allows for selective functionalization, making it valuable in the development of nitrogen-containing heterocycles. It is particularly useful in the synthesis of alkaloid derivatives and neuroactive compounds. The presence of both a reactive bromine atom and an unsaturated ring system enables cross-coupling reactions and cyclization processes, which are common in drug discovery and medicinal chemistry research.