Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of nicotinic receptor agonists and antagonists. It plays a key role in the development of drugs targeting neurological disorders such as Alzheimer's and Parkinson's disease. Also utilized in agrochemicals for the creation of selective herbicides and insecticides due to its ability to modify bioactive molecules. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building complex heterocyclic systems.