This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure, featuring a cyclopentapyridine core, makes it a valuable building block for developing drugs targeting central nervous system disorders. Researchers leverage its unique framework to design molecules with potential therapeutic effects, particularly in the treatment of neurological conditions such as anxiety, depression, and neurodegenerative diseases. Additionally, its chloro and hydroxyl functional groups allow for further chemical modifications, enabling the creation of diverse derivatives with enhanced biological activity and selectivity. This compound is also explored in the development of kinase inhibitors, which are crucial in cancer therapy, due to its ability to interact with specific enzyme targets involved in cell signaling pathways.