Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its structure enables selective functionalization, making it valuable in medicinal chemistry for constructing complex heterocyclic systems. Commonly employed in cross-coupling reactions such as Suzuki or Buchwald-Hartwig to introduce aryl or amine groups, facilitating the creation of biologically active molecules. Also utilized in research settings for designing new central nervous system agents due to its resemblance to neuroactive scaffolds.