This chemical is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of benzodiazepine derivatives. Benzodiazepines are a class of psychoactive drugs known for their anxiolytic, sedative, and muscle relaxant properties. The compound serves as a key building block in the development of medications used to treat anxiety disorders, insomnia, seizures, and muscle spasms. Its structural framework allows for modifications that enhance the efficacy and specificity of the final drug product. Additionally, it is employed in research settings to study the pharmacological effects and mechanisms of benzodiazepine-related compounds.