Used in the synthesis of pharmaceutical intermediates, particularly in the development of central nervous system agents. It serves as a key scaffold in the preparation of bioactive molecules due to its structural similarity to benzodiazepines, which are known for their anxiolytic, anticonvulsant, and sedative properties. Its derivatives are explored for potential therapeutic applications in neurodegenerative disorders and psychiatric conditions. Also employed in medicinal chemistry research for structure-activity relationship studies to optimize drug candidates.