Used as a key intermediate in the synthesis of bioactive molecules, particularly in pharmaceuticals targeting central nervous system disorders. It serves as a building block for developing anxiolytic and sedative agents due to the presence of the imidazopyridine core, which is known for its affinity to benzodiazepine receptors. Also employed in the preparation of kinase inhibitors and antimicrobial compounds. Its ester functionality allows for easy modification, making it valuable in medicinal chemistry for structure-activity relationship studies.