This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the production of nicotinic acid derivatives, which are explored for their potential therapeutic effects. Its structure is valuable in designing molecules that target neurological and cardiovascular disorders, owing to the presence of the nicotinate moiety. Additionally, it is employed in the development of enzyme inhibitors and receptor modulators, contributing to advancements in medicinal chemistry. Its application extends to the study of biochemical pathways, aiding in the understanding of disease mechanisms and the discovery of new treatments.