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 for compounds acting on the central nervous system, especially those targeting benzodiazepine receptors. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for creating biologically active molecules. Also employed in the preparation of kinase inhibitors and antimicrobial agents. Widely utilized in research and development of new drug candidates due to its favorable reactivity and pharmacokinetic properties.