Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) modulators. It serves in the preparation of compounds with potential anxiolytic, sedative, and anticonvulsant properties due to its structural similarity to benzodiazepines. Its reactivity allows for selective functionalization in heterocyclic chemistry, making it valuable in medicinal chemistry research for optimizing drug candidates. Also employed in the creation of novel ligands for GABA receptors, aiding in the study of neurotransmission and the design of targeted neurotherapeutics.