Used as a key intermediate in the synthesis of bioactive molecules, particularly in pharmaceuticals targeting anxiolytic and sedative disorders. It serves as a scaffold in drug discovery due to its affinity for benzodiazepine receptors. Also employed in the development of fluorescent probes for sensing metal ions in environmental and biological systems. Its derivatives show antimicrobial and anticancer activities, making it valuable in medicinal chemistry research. Additionally, it is utilized in agrochemicals for designing new pesticides with improved efficacy.