This chemical is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active compounds, particularly those targeting neurological and inflammatory disorders. Its structure is often employed in the synthesis of imidazopyridine derivatives, which are known for their potential therapeutic applications. Researchers also use it in the study of enzyme inhibition and receptor modulation, contributing to the discovery of new drug candidates. Additionally, it plays a role in the design of fluorescent probes and imaging agents for biological studies.