Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic acetylcholine receptor modulators. It serves as a building block in medicinal chemistry for creating compounds with neurological activity, including potential treatments for cognitive disorders, pain, and neurodegenerative diseases. Its structure allows for selective functionalization, making it valuable in creating diverse compound libraries for drug discovery. Also employed in cross-coupling reactions such as Suzuki and Heck reactions to form carbon-carbon bonds in heterocyclic systems.