This compound is primarily used in the field of medicinal chemistry as an intermediate in the synthesis of various pharmacologically active molecules. It plays a crucial role in the development of drugs targeting central nervous system disorders, particularly those involving GABA receptors. Researchers utilize it to create analogs that can potentially treat anxiety, insomnia, and epilepsy. Additionally, its structure is valuable in the design of compounds with anti-inflammatory and antimicrobial properties. Its versatility makes it a key component in the discovery and optimization of new therapeutic agents.