This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It is particularly significant in the development of pharmaceutical agents targeting neurological disorders, such as anxiety and insomnia, due to its structural similarity to compounds that interact with the central nervous system. Additionally, it serves as a building block in the creation of potential anti-inflammatory and antimicrobial drugs, leveraging its imidazopyridine core, which is known for its diverse pharmacological properties. Researchers also explore its use in designing novel therapeutic agents for cancer treatment, as its derivatives have shown promise in inhibiting specific enzymes or pathways involved in tumor growth.