Used as a key intermediate in the synthesis of bioactive compounds, particularly in pharmaceuticals targeting central nervous system disorders. Exhibits utility in the development of imidazopyridine-based drug candidates due to its ability to modulate receptor activity, such as GABA and serotonin receptors. Also employed in the preparation of fluorescent probes for biochemical imaging, leveraging its inherent photophysical properties. Commonly found in research settings for structure-activity relationship studies in medicinal chemistry.