Used in the synthesis of pharmaceuticals, particularly as an intermediate in the development of drugs targeting central nervous system disorders. It serves as a building block in the preparation of nicotinic receptor ligands, which are important in treating conditions like Alzheimer's disease, schizophrenia, and nicotine addiction. Also employed in agrochemicals for the production of certain pesticides due to its ability to modify biological activity in targeted molecules. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for creating compound libraries in drug discovery.