Used in the synthesis of pharmaceuticals, particularly as an intermediate in the production of nicotinic receptor agonists and nootropic drugs. It serves as a building block in the development of compounds targeting neurological disorders such as Alzheimer's and cognitive impairment. Also employed in agrochemical manufacturing for creating herbicides and plant growth regulators due to its ability to mimic natural signaling molecules in plants. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for drug discovery and optimization.