Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of anxiolytic and sedative agents. Its structure allows for functionalization at multiple sites, making it valuable in medicinal chemistry for constructing imidazopyridine-based drug candidates. Commonly employed in coupling reactions and nucleophilic substitutions to build complex heterocyclic systems found in central nervous system (CNS) active drugs. Also utilized in the preparation of kinase inhibitors and antimicrobial agents. Its ester group facilitates further derivatization, enabling the introduction of amide or alcohol functionalities in final drug molecules.