You can achieve everything the utilities in java.util.concurrent do with the low-level primitives like synchronized, volatile, or wait / notify
However, concurrency is tricky, and most people get at least some parts of it wrong, making their code either incorrect or inefficient (or both).
The concurrent API provides a higher-level approach, which is easier (and as such safer) to use. In a nutshell, you should not need to use synchronized, volatile, wait, notify directly anymore.
The Lock class itself is on the lower-level side of this toolbox, you may not even need to use that directly either (you can use Queues and Semaphore and stuff, etc, most of the time).