This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the development of various pharmaceuticals. Its structure is particularly valuable in the creation of compounds that exhibit biological activity, such as anti-inflammatory and anti-cancer agents. Additionally, it is employed in the synthesis of fluorescent dyes and markers, which are crucial in biochemical research for tracking and imaging purposes. The compound's unique imidazopyridine core also makes it a candidate for the development of new materials with potential applications in optoelectronics and photovoltaics.