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 acting as modulators of benzodiazepine receptors, contributing to the creation of drugs with potential for treating anxiety, insomnia, and neurological disorders. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for optimizing drug candidates. Also employed in the preparation of kinase inhibitors and other bioactive molecules in research settings.