Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anxiolytic and sedative agents. Its structure is commonly found in compounds that act as positive allosteric modulators of GABAA receptors, enhancing the effect of the neurotransmitter GABA in the brain. This makes it valuable in the creation of drugs targeting anxiety, insomnia, and other central nervous system disorders. Additionally, derivatives of this compound show antimicrobial and antiviral activities, expanding its use in medicinal chemistry. It is also employed in research settings to develop new bioactive molecules and in the optimization of drug candidates for improved efficacy and safety.