Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of nicotinic receptor ligands and central nervous system agents. Commonly employed in the development of drugs targeting neurological disorders such as Alzheimer's and schizophrenia. Also utilized in agrochemical formulations for crop protection products due to its ability to enhance bioavailability. Serves as a building block in medicinal chemistry for creating compounds with improved solubility and binding affinity.