Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anxiolytic and sedative agents. Its structure supports the formation of bioactive molecules that interact with central nervous system receptors. Commonly employed in medicinal chemistry for constructing imidazopyridine-based drug candidates, including those with potential hypnotic or anticonvulsant properties. Also utilized in research settings to explore new therapeutic compounds due to its reactive ester group and heterocyclic core.