Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of receptor antagonists and kinase inhibitors. Its structure supports binding to specific enzyme active sites, making it valuable in drug discovery for neurological disorders and cancer therapies. Commonly utilized in medicinal chemistry for modifying bioavailability and selectivity of active pharmaceutical ingredients. Also employed in radiolabeling studies due to the presence of iodine, enabling imaging and tracer applications in preclinical research.