Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of nicotinic acetylcholine receptor modulators. It plays a role in developing drugs for neurological disorders such as Alzheimer's and schizophrenia. Also employed in agrochemicals for the creation of herbicides and insecticides due to its ability to influence biological activity in target organisms. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building more complex molecules.