This chemical is primarily utilized in pharmaceutical research and development, particularly in the synthesis of complex organic compounds. It serves as a key intermediate in the production of biologically active molecules, often targeting therapeutic areas such as oncology, neurology, and infectious diseases. Its structure is valuable for constructing imidazo[1,2-a]pyrazine derivatives, which are known for their potential as kinase inhibitors or modulators of various biological pathways. Researchers employ it in medicinal chemistry to optimize drug candidates, focusing on enhancing efficacy, selectivity, and pharmacokinetic properties. Additionally, it may be used in the development of novel diagnostic agents or probes for studying biological mechanisms.