Used primarily as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anxiolytic and sedative agents. Its structure allows for selective binding to benzodiazepine receptors, making it valuable in the creation of central nervous system modulators. It is also employed in the preparation of triazole-containing bioactive molecules, where its halogen positions enable further functionalization through cross-coupling reactions. Due to its reactivity and stability, it serves as a building block in medicinal chemistry for optimizing drug potency and metabolic stability.