Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting neurological and psychiatric disorders. It plays a key role in constructing pyridine-based scaffolds found in bioactive molecules. Commonly employed in the preparation of selective receptor modulators, including those acting on serotonin and dopamine pathways. Also utilized in agrochemical research for designing novel pesticides and herbicides due to its stability and reactivity in cross-coupling reactions. Its benzyl-protected hydroxyl group allows for selective deprotection and further functionalization in multi-step organic syntheses.