This chemical is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug compounds. Its unique structure makes it a valuable intermediate in the creation of molecules that target specific biological pathways, such as kinase inhibitors, which are crucial in cancer therapy. Additionally, it is employed in the development of small-molecule drugs for neurological disorders due to its ability to interact with receptors in the central nervous system. Its halogenated structure also allows for further functionalization, making it a versatile building block in medicinal chemistry. Researchers often use it to explore potential treatments for diseases with unmet medical needs.