Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) agents. It serves as a building block for compounds exhibiting anxiolytic, anticonvulsant, and sedative properties. Its structure allows for selective binding to benzodiazepine receptors, making it valuable in the design of novel neuroactive drugs. Also employed in agrochemical research for developing herbicides and plant growth regulators due to its stability and reactivity in heterocyclic transformations.