Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of nicotinamide analogs and NAD+ precursors. Plays a role in the development of compounds with potential neuroprotective and metabolic regulatory effects. Also utilized in the preparation of fluorescent probes and sensors due to its ability to form conjugated systems that exhibit light-emitting properties under specific conditions. Employed in research settings for studying enzyme inhibition and coenzyme metabolism.