Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anxiolytic and sedative agents. Its structure supports binding to central nervous system receptors, making it valuable in creating drugs that modulate GABAergic activity. Also investigated for use in agrochemicals due to its ability to enhance bioactivity in certain pesticide formulations. Shows potential in research for anticancer compounds owing to its heterocyclic framework, which can intercalate with DNA or inhibit specific kinases involved in tumor growth.