Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anxiolytic and sedative agents. It plays an important role in the preparation of compounds that act as modulators of benzodiazepine receptors. Its structure allows for functionalization at multiple sites, making it valuable in medicinal chemistry for creating analogs with enhanced biological activity. Also employed in the production of agrochemicals and in research for developing new heterocyclic compounds with potential therapeutic properties.