Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of nicotinamide derivatives and other biologically active compounds. It plays a role in the development of drugs targeting central nervous system disorders and anti-inflammatory agents. Also utilized in agrochemical synthesis for creating novel pesticides and herbicides due to its ability to enhance reactivity in coupling reactions. Its polar structure makes it suitable for use in polar solvent systems and catalytic processes where stability under oxidative conditions is required.