Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. Its fused furo-pyridine structure provides a rigid scaffold that enhances binding selectivity to neurological receptors, making it valuable in the design of nootropics and potential treatments for neurodegenerative disorders. It is also employed in medicinal chemistry research for structure-activity relationship (SAR) studies due to its ability to mimic bioactive heterocyclic motifs found in natural products. Additionally, its ester and hydroxyl functional groups allow for easy derivatization, facilitating the creation of compound libraries for high-throughput screening in drug discovery.