Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anxiolytic and sedative agents. It serves as a building block for modulating GABA receptors due to its structural similarity to imidazopyridine-based central nervous system drugs. Also employed in the preparation of kinase inhibitors and other bioactive molecules in medicinal chemistry research. Its carboxylic acid functionality allows for easy derivatization, making it valuable in creating compound libraries for drug discovery.