Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic acetylcholine receptor ligands. It serves as a building block in medicinal chemistry for creating compounds with neurological activity, including those targeting cognitive disorders and neuropsychiatric conditions. Its alkyne and hydroxyl functional groups allow for versatile coupling reactions, such as click chemistry, making it valuable in drug discovery and development. Also employed in the preparation of pyridine-based heterocyclic compounds for use in agrochemicals and functional materials.