Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the development of drugs targeting neurological disorders due to its structural similarity to nicotinamide, a precursor to essential coenzymes in cellular metabolism. Additionally, it finds application in the preparation of compounds with potential anti-inflammatory and antioxidant properties. Its role in medicinal chemistry extends to the exploration of novel therapeutic agents for conditions like Alzheimer's disease and other neurodegenerative illnesses. Researchers also utilize it in the study of enzyme inhibition and receptor modulation, contributing to advancements in drug discovery and development.