This compound is primarily utilized in the synthesis of complex organic molecules, particularly in pharmaceutical research. It serves as a key intermediate in the development of biologically active compounds, including potential drug candidates. Its structure allows for further functionalization, making it valuable in the creation of pyrazolo[1,5-a]pyridine derivatives, which are explored for their therapeutic properties. Additionally, it is used in medicinal chemistry for the design of molecules targeting specific enzymes or receptors, aiding in the discovery of new treatments for various diseases.