Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anxiolytic and sedative agents. It plays a significant role in the preparation of imidazopyridine-based drugs, which interact with benzodiazepine receptors in the central nervous system. This compound is also employed in the manufacture of selective ligands for GABA receptors, contributing to treatments for insomnia and anxiety disorders. Additionally, it serves as a building block in medicinal chemistry for creating novel bioactive molecules and in high-throughput screening for drug discovery.