Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anxiolytic and sedative agents. It serves as a building block for compounds that modulate GABA receptors in the central nervous system. Commonly employed in the preparation of benzodiazepine-like drugs where it contributes to enhanced binding affinity and selectivity. Also utilized in research for developing new anti-insomnia and anticonvulsant medications. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for optimizing drug candidates.