This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure is valuable in the creation of heterocyclic compounds, which are often explored for their potential biological activities. Researchers focus on its role as an intermediate in the production of molecules that may exhibit therapeutic properties, such as anti-inflammatory, antimicrobial, or anticancer effects. Additionally, its unique imidazo[1,2-a]pyrazine core makes it a promising scaffold for designing compounds that can interact with specific biological targets, such as enzymes or receptors. Its applications are largely confined to laboratory settings, where it aids in the discovery and optimization of new medicinal agents.