Used in pharmaceutical research as a key scaffold for developing bioactive molecules, particularly in the design of anxiolytic and sedative agents. It serves as an intermediate in synthesizing compounds that target benzodiazepine receptors, offering potential for CNS-active drugs with improved selectivity and reduced side effects. Also explored in antimicrobial and antiviral drug development due to its favorable binding properties with biological targets. Its structure supports rapid derivatization, making it valuable in medicinal chemistry for high-throughput screening and lead optimization.