Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinamide adenine dinucleotide (NAD) analogs and related cofactor molecules. It serves in the preparation of kinase inhibitors and other bioactive compounds targeting metabolic and neurological disorders. Its structural features make it valuable in medicinal chemistry for optimizing drug potency and selectivity. Also employed in the design of catalysts and ligands for transition metal-catalyzed reactions in organic synthesis.