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 in the preparation of benzodiazepine receptor agonists, which are important for treating anxiety, insomnia, and epilepsy. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for drug discovery. Also employed in the creation of kinase inhibitors and other biologically active molecules in research settings.