Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anxiolytic and sedative agents. It serves as a building block for constructing complex heterocyclic compounds that interact with central nervous system receptors. Its structure is valuable in medicinal chemistry for optimizing drug candidates targeting GABA receptors. Also employed in research for developing fluorescent probes due to its favorable photophysical properties. Commonly utilized in the preparation of kinase inhibitors and antimicrobial agents in early-stage drug discovery.