Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anxiolytic and sedative agents. Its structure allows for effective binding to central nervous system receptors, making it valuable in the creation of drugs targeting anxiety and sleep disorders. It is also employed in the preparation of agrochemicals, contributing to the development of certain pesticides and plant growth regulators. Due to its heterocyclic nature, it serves as a building block in medicinal chemistry for designing novel bioactive compounds.