Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of nicotinamide-based drugs targeting metabolic and neurological disorders. It serves in agrochemical formulations for crop protection agents due to its ability to modulate enzyme activity in pests. Employed in research settings to design enzyme inhibitors, especially for kinases and dehydrogenases, aiding in drug discovery. Its structural properties make it suitable for creating derivatives with enhanced bioavailability and target specificity. Also explored in the production of specialty chemicals for industrial catalysts and polymer stabilizers.