Used in the synthesis of pharmaceuticals, particularly as an intermediate in the production of drugs targeting neurological and psychiatric disorders. It serves as a building block in the development of nicotinic acetylcholine receptor modulators. Also employed in research for its potential in creating novel heterocyclic compounds with biological activity. Its structure supports use in medicinal chemistry for designing inhibitors and enzyme-targeting molecules. Additionally, it finds application in the preparation of fluorescent probes and sensors due to its ability to form conjugated systems.