This compound is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of drugs targeting the central nervous system. It serves as a key intermediate in the production of compounds that exhibit neuroprotective or cognitive-enhancing properties. Additionally, it is employed in the creation of ligands for nicotinic acetylcholine receptors, which are crucial in treating neurological disorders such as Alzheimer's disease and schizophrenia. Its role in organic synthesis also extends to the production of fine chemicals and agrochemicals, where it contributes to the development of more efficient and targeted products.