Used in pharmaceutical synthesis as an intermediate for kinase inhibitors, particularly in the development of anticancer agents. Its structure supports functionalization at multiple sites, enabling the construction of complex heterocyclic systems found in bioactive molecules. Commonly employed in cross-coupling reactions due to the presence of the iodide handle, facilitating the formation of carbon-carbon bonds in drug discovery pipelines. Also utilized in the preparation of serotonin receptor modulators and other neuroactive compounds.