Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of anxiolytic and sedative agents. It serves as a building block for modulating GABA receptors due to its structural similarity to known bioactive molecules. Its hydroxyl group allows for easy functionalization, enabling the creation of esters, ethers, or conjugates to enhance drug potency or bioavailability. Commonly employed in medicinal chemistry for optimizing lead compounds in central nervous system (CNS) drug discovery programs. Also explored in the preparation of kinase inhibitors and antimicrobial agents due to its favorable binding properties with biological targets.