Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anxiolytic and sedative agents. It plays an important role in the preparation of imidazopyridine-based drugs, which are known for their interaction with benzodiazepine receptors in the central nervous system. This compound is also utilized in the creation of novel bioactive molecules for research in medicinal chemistry, especially in the design of new sleep aids and anti-insomnia medications. Its structure allows for easy functionalization, making it valuable in optimizing drug candidates during early-stage drug discovery.