Synthesis of ligands inactive or low-active at α1 GABAA receptors has become the key concept for development of novel, more tolerable benzodiazepine (BZ)-like drugs. WYS8, a remarkably (105 times) α1-subtype selective partial positive modulator, may serve as a pharmacological tool for refining the role of α1 GABAA receptors in mediation of BZs’ effects. Here, the effects of WYS8 on GABA-induced currents and on diazepam-induced potentiation of recombinant BZ-sensitive GABAA receptors were studied in more detail. In addition, the behavioral profile of WYS8 (0.2, 1 and 10 mg/kg i.p.), on its own and in combination with diazepam, was tested in the spontaneous locomotor activity, elevated plus maze, grip strength, rotarod and pentylenetetrazole tests. WYS8, applied at an in vivo attainable concentration of 100 nM, reduced the stimulation of GABA currents by 1 μM diazepam by 57% at α1β3γ2, but not at α2β3γ2, α3β3γ2, or α5β3γ2 GABAA receptors. The administration of WYS8 alone induced negligible behavioral consequences. When combined with diazepam, WYS8 caused a reduced sedation, muscle relaxation and anticonvulsant activity, as compared to this BZ alone, whereas ataxia was preserved, and the anxiolytic effect of 2 mg/kg diazepam was unmasked. Hence, a partial instead of full activation at α1 GABAA receptors did not necessarily result in the attenuation of the effects assumed to be mediated by activation of these receptors, or in the full preservation of the effects mediated by activation of other GABAA receptors. Thus, the role of α1 GABAA receptors appears more complex than that proposed by genetic studies.