Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of potential drug candidates, especially those targeting neurological disorders and cancer. Additionally, it is employed in organic synthesis for constructing complex pyridine derivatives, which are essential in medicinal chemistry. The compound’s reactivity and stability make it suitable for use in cross-coupling reactions, aiding in the development of novel therapeutic agents.