This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various benzodiazepine derivatives, which are widely known for their applications in treating anxiety, insomnia, and other central nervous system disorders. Researchers explore its structure to develop novel therapeutic agents with improved efficacy and reduced side effects. Additionally, it is studied for its potential role in creating compounds that target specific receptors in the brain, contributing to advancements in neuropharmacology. Its versatility also makes it valuable in the development of new drugs for treating seizures and muscle spasms.