This chemical is primarily used in pharmaceutical research and development as an intermediate in the synthesis of biologically active compounds. Its structure is particularly valuable in the creation of pyrazolopyridine derivatives, which are known for their potential therapeutic applications. Researchers utilize it to develop molecules that may act as inhibitors for various enzymes or receptors, making it significant in drug discovery efforts targeting diseases such as cancer, inflammation, or neurological disorders. Additionally, its chloro and methoxy functional groups provide reactive sites for further chemical modifications, enabling the production of diverse compounds for biological evaluation.