Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of anxiolytic and sedative agents. It serves as a building block in the preparation of benzodiazepine receptor modulators, which are important in treating anxiety, insomnia, and epilepsy. Its structure allows for selective binding to GABA receptors, enhancing neuroinhibitory activity. Also employed in medicinal chemistry research for optimizing drug candidates due to its favorable pharmacokinetic properties and ease of functionalization.