Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) drugs. Its structure supports the creation of compounds with neurological activity, including those targeting anxiety, depression, and other psychiatric disorders. Commonly employed in medicinal chemistry for building pyrazolopyridine-based scaffolds, which are known for their favorable bioavailability and receptor selectivity. Also utilized in research settings to develop novel kinase inhibitors and anti-inflammatory agents.