Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceuticals targeting central nervous system disorders and inflammatory diseases. Its structure allows for easy functionalization, making it valuable in drug discovery for building imidazopyridine-based therapeutics. Commonly employed in the development of anxiolytic, sedative, and anticonvulsant agents due to its affinity for benzodiazepine receptors. Also utilized in agrochemical research for designing novel pesticides and in materials science for creating fluorescent probes and optoelectronic materials.