Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. It exhibits potential as a scaffold for anxiolytic and sedative drugs due to its affinity for benzodiazepine receptors. Its structural features allow for modulation of receptor binding, making it valuable in medicinal chemistry for optimizing pharmacokinetic properties. Also employed in research settings to study GABAergic neurotransmission and to design novel heterocyclic compounds with enhanced biological activity.