Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anxiolytic and sedative agents. It plays a significant role in the production of compounds that act on the central nervous system, especially those targeting benzodiazepine receptors. Its structure allows for efficient modification to create biologically active molecules, making it valuable in medicinal chemistry for drug discovery and optimization. Commonly employed in research settings to develop new treatments for anxiety, insomnia, and related disorders.