Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic receptor modulators and anti-inflammatory agents. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for creating analogs with enhanced biological activity. Also employed in agrochemical research for designing new herbicides and plant growth regulators due to its ability to interact with biological targets in plants. Additionally, it serves as a building block in the preparation of heterocyclic compounds used in materials science, especially in the development of organic semiconductors and sensors.