This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of drugs targeting neurological and inflammatory disorders. Researchers leverage its pyridine core and functional groups to design molecules that can interact with specific biological targets, such as enzymes or receptors, to modulate their activity. Additionally, it plays a role in the creation of prodrugs, where its hydroxyl and benzyloxy groups can be modified to improve drug delivery and bioavailability. Its application extends to organic synthesis, where it serves as a building block for constructing complex molecules with potential therapeutic properties.