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 in the production of drugs targeting the central nervous system, especially those acting on benzodiazepine receptors. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for creating novel bioactive molecules. Also employed in the research and development of kinase inhibitors and other therapeutic agents in oncology and inflammation.