Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of anxiolytic and sedative agents. It plays a significant role in the preparation of imidazopyridine-based drugs, which are known for their interaction with benzodiazepine receptors in the central nervous system. This compound enables efficient construction of the core structure in medications used for treating anxiety, insomnia, and other neurological disorders. Its reactivity allows for easy functionalization, making it valuable in medicinal chemistry for optimizing drug candidates during research and development.