Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic acid derivatives with potential antihypertensive and antiarrhythmic activities. It serves as a building block in the preparation of heterocyclic compounds due to the presence of both hydroxyl and ester functionalities, enabling various functional group transformations. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies targeting cardiovascular drugs. Also utilized in the production of agrochemicals and functionalized pyridine-based ligands for catalysis.