This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of drugs targeting central nervous system disorders, including anxiety and insomnia. Additionally, it serves as a building block for creating compounds with potential anti-inflammatory and antimicrobial properties. Researchers also explore its use in designing molecules for cancer therapy, leveraging its imidazopyrazine core to enhance binding affinity to specific biological targets. Its versatility makes it a crucial component in drug discovery and development processes.