Used as a key intermediate in the synthesis of agrochemicals, particularly in the production of neonicotinoid insecticides. It plays an important role in crop protection agents due to its ability to modify nicotinic acetylcholine receptor activity in insects. Also explored in pharmaceutical research for potential bioactive molecule development, especially in compounds targeting neurological pathways. Its structure supports derivatization for use in heterocyclic compound design, making it valuable in both agricultural and medicinal chemistry.