Used as a precursor in the synthesis of nicotinamide adenine dinucleotide (NAD) analogs, this compound plays a role in biochemical research involving enzyme cofactors. It serves in the development of pharmaceuticals targeting metabolic disorders and neurodegenerative diseases. Its quaternary pyridinium structure makes it suitable for studies on electron transfer processes and redox reactions. Also employed in the preparation of ionic liquids for catalytic applications due to its stability and solubility properties.