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 compounds that modulate GABA receptors, contributing to the activity of certain central nervous system drugs. Its structure allows for functionalization at multiple sites, making it valuable in medicinal chemistry for optimizing drug potency and selectivity. Also employed in the preparation of kinase inhibitors and other bioactive molecules in research settings.