Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic receptor ligands and other bioactive molecules targeting neurological disorders. Its functional groups allow for selective modifications, making it valuable in medicinal chemistry for constructing complex heterocyclic compounds. Also employed in agrochemical research for designing novel pesticides and herbicides due to its ability to enhance molecular binding affinity. Commonly utilized in cross-coupling reactions, such as Suzuki and Heck reactions, to build advanced organic frameworks in drug discovery and materials science.