This compound is primarily utilized in the field of medicinal chemistry due to its structural similarity to benzodiazepines, which are known for their pharmacological activity. It serves as a key intermediate in the synthesis of various therapeutic agents, particularly those targeting the central nervous system. Researchers focus on its potential to develop drugs for treating anxiety, insomnia, and other neurological disorders. Its unique heterocyclic structure allows for modifications to enhance bioavailability and efficacy, making it a valuable scaffold in drug discovery and development. Additionally, it is studied for its potential anti-inflammatory and antimicrobial properties, expanding its application in diverse therapeutic areas.