Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of nicotinic receptor agonists and antagonists. It serves as a building block in the development of drugs targeting neurological disorders such as Alzheimer's and Parkinson's diseases. Also employed in agrochemicals for the formulation of crop protection agents due to its ability to enhance the efficacy of certain pesticides. Its structure allows for easy functionalization, making it valuable in medicinal chemistry research and development of new bioactive compounds.