Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting metabolic and inflammatory conditions. It serves as a building block in heterocyclic chemistry due to its reactive functional groups, enabling derivatization for bioactive molecules. Also explored in research for its potential role in enzyme inhibition, especially in pathways involving nicotinamide metabolism. Its structure supports chelation and hydrogen bonding, making it useful in designing inhibitors or ligands for biological targets.