Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceuticals. It plays a significant role in the development of anxiolytic and antiviral agents due to its ability to act as a building block for imidazopyridine derivatives. These derivatives often exhibit high affinity for benzodiazepine receptors, making them valuable in central nervous system drug design. Additionally, it is employed in the preparation of kinase inhibitors and other therapeutic agents targeting inflammation and cancer. Its reactivity allows for easy functionalization, enabling diverse applications in medicinal chemistry and drug discovery.