Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. It is also employed in the production of selective serotonin reuptake inhibitors (SSRIs) and other central nervous system agents. Its structural properties make it valuable in medicinal chemistry for designing compounds with improved binding affinity and metabolic stability. Additionally, it serves as a building block in the creation of novel heterocyclic compounds for drug discovery research.