This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various benzodiazepine derivatives. Benzodiazepines are widely recognized for their therapeutic effects, particularly in treating anxiety, insomnia, seizures, and muscle spasms. The specific structure of this compound allows for modifications that enhance its pharmacological properties, making it valuable in the development of new medications. Additionally, it is employed in research settings to study the mechanisms of action of benzodiazepines and their interactions with the central nervous system. Its role in drug development underscores its importance in advancing treatments for neurological and psychiatric disorders.