Used in pharmaceutical research as a key intermediate in the synthesis of psychoactive drugs, particularly selective serotonin reuptake inhibitors (SSRIs) and related antidepressants. Its structure supports binding to central nervous system receptors, making it valuable in developing compounds that modulate neurotransmitter activity. Also explored in the design of novel anxiolytic and anticonvulsant agents due to its affinity for benzodiazepine receptor sites. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies to optimize drug efficacy and reduce side effects.