Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic receptor modulators and other neuroactive compounds. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for creating analogs with tailored biological activity. Also employed in agrochemical research for designing novel pesticides and herbicides due to its ability to enhance molecular stability and binding affinity. Commonly utilized in organic synthesis to build complex heterocyclic systems through cross-coupling and nucleophilic substitution reactions.