Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of nicotinic receptor agonists and antagonists. It plays a role in the development of drugs targeting neurological disorders such as Alzheimer's and Parkinson's disease. Also employed in agrochemicals for the creation of novel pesticides due to its ability to interact with insect nervous systems. Its aldehyde functional group allows for easy modification in organic synthesis, making it valuable in building complex heterocyclic compounds.