This chemical is primarily utilized in the pharmaceutical industry for its psychoactive properties. It is often incorporated into the synthesis of anxiolytic and sedative medications, helping to manage conditions such as anxiety disorders and insomnia. Its structure allows it to interact with specific receptors in the brain, promoting a calming effect. Additionally, it is sometimes used in research studies to explore the mechanisms of action of benzodiazepine-like compounds and their impact on the central nervous system. Its derivatives may also be investigated for potential therapeutic applications in treating neurological and psychiatric conditions.