Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anxiolytic and sedative agents. It plays a role in the production of certain central nervous system (CNS) active compounds due to its ability to interact with benzodiazepine receptors. Also employed in agrochemical formulations for the creation of herbicides and plant growth regulators. Its structure supports the design of nitrogen-rich heterocyclic compounds, making it valuable in medicinal chemistry and crop protection research.