Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for constructing complex heterocyclic systems. Commonly employed in cross-coupling reactions such as Suzuki or Heck reactions to introduce aryl or vinyl groups. Also utilized in the preparation of bioactive molecules targeting neurological disorders due to its ability to cross the blood-brain barrier. Preferred in research settings for its stability and reactivity profile in multi-step organic syntheses.