This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the development of drugs targeting neurological disorders, particularly those involving the modulation of GABA receptors. Additionally, it is employed in the creation of antimicrobial agents, showcasing efficacy against a range of bacterial and fungal pathogens. Its structural properties make it valuable in organic synthesis, often used to construct complex heterocyclic compounds with potential therapeutic applications. Researchers also explore its use in developing fluorescent probes for biological imaging, leveraging its unique photophysical characteristics.