The transcriptional mechanisms driving lineage specification during development are still largely unknown, as the interplay of multiple transcription factors makes it difficult to dissect these molecular events. Using a cell-based differentiation platform to probe transcription function, we investigated the role of the key paraxial mesoderm and skeletal myogenic commitment factors—mesogenin 1 (Msgn1), T-box 6 (Tbx6), forkhead box C1 (Foxc1), paired box 3 (Pax3), Paraxis, mesenchyme homeobox 1 (Meox1), sine oculis-related homeobox 1 (Six1), and myogenic factor 5 (Myf5)—in paraxial mesoderm and skeletal myogenesis. From this study, we define a genetic hierarchy, with Pax3 emerging as the gatekeeper between the presomitic mesoderm and the myogenic lineage. By assaying chromatin accessibility, genomic binding and transcription profiling in mesodermal cells from mouse and human Pax3-induced embryonic stem cells and Pax3-null embryonic day (E)9.5 mouse embryos, we identified conserved Pax3 functions in the activation of the skeletal myogenic lineage through modulation of Hedgehog, Notch, and bone morphogenetic protein (BMP) signaling pathways. In addition, we demonstrate that Pax3 molecular function involves chromatin remodeling of its bound elements through an increase in chromatin accessibility and cooperation with sine oculis-related homeobox 4 (Six4) and TEA domain family member 2 (Tead2) factors. To our knowledge, these data provide the first integrated analysis of Pax3 function, demonstrating its ability to remodel chromatin in mesodermal cells from developing embryos and proving a mechanistic footing for the transcriptional hierarchy driving myogenesis. Lineage specification during embryonic development relies on the activation of specific transcriptional programs required for defining cellular functions within each tissue. Transcription factors (TFs) play a critical part in gene activation/repression by promoting the formation of regulatory hubs at the elements associated with their target genes. Through hierarchical expression of TFs, cells within the developing embryo gradually shape their genomic landscape and ultimately restrict their differentiation potential. Here, we dissect the complex network of TFs involved in the specification of mesoderm toward the skeletal myogenic lineage by generating embryonic stem cell lines in which TF expression is controlled by a doxycycline-dependent on–off system. Using a combination of cell differentiation and genomic assays, we defined the TF hierarchy “Msgn1→Pax3→Myf5,” in which paired box 3 (Pax3) emerges as the key determinant for the specification of the myogenic fate. We show that Pax3 occupies several sites proximal to myogenic genes and that binding to these elements is associated with increase in chromatin accessibility, a hallmark of active regulatory elements. Although the ability of Pax3 to modulate chromatin accessibility is comparable between myogenic and nonmyogenic cells, Pax3 genomic binding and motif preferences are cell-dependent. In addition, we identify that cooperation with sine oculis-related homeobox 4 (Six4) and TEA domain family member 2 (Tead2) is instrumental for the robust Pax3-mediated myogenic commitment, thus indicating that combination of TFs and chromatin remodeling are both required for lineage commitment.