This compound is primarily utilized in the synthesis of various pharmaceutical agents. It serves as a key intermediate in the production of benzodiazepine derivatives, which are widely used as anxiolytics, sedatives, and muscle relaxants. Additionally, it finds application in the development of anticonvulsant drugs, contributing to the treatment of epilepsy and other seizure disorders. Its role in organic synthesis extends to the creation of other bioactive molecules, making it valuable in medicinal chemistry research.