Used in pharmaceutical research as a key intermediate for synthesizing bioactive molecules, particularly in the development of anxiolytic and sedative agents. It serves as a building block in the production of imidazopyridine-based drugs, which are known for their interaction with benzodiazepine receptors. Also explored in the synthesis of kinase inhibitors and antimicrobial compounds due to its favorable binding properties. Its structure supports rapid derivatization, making it valuable in medicinal chemistry for drug discovery and optimization.