Used as an intermediate in pharmaceutical synthesis, particularly in the development of kinase inhibitors and central nervous system agents. Its protected pyrazolopyridine core allows for selective functionalization, making it valuable in medicinal chemistry for constructing bioactive molecules. Commonly employed in cross-coupling reactions to introduce aryl or heteroaryl groups at the 3-position, enabling the creation of diverse compound libraries for drug discovery. Also utilized in the preparation of selective receptor modulators due to its structural similarity to purine-based signaling molecules.