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 anticonvulsant drugs due to its affinity for benzodiazepine receptors. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for optimizing drug candidates. Also explored in the design of kinase inhibitors and antimicrobial agents. Commonly employed in research settings to develop novel bioactive molecules with improved selectivity and potency.