Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic acetylcholine receptor ligands. It serves as a building block in the preparation of bioactive molecules for neurological research, including compounds targeting cognitive disorders and neurodegenerative diseases. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for creating analogs with enhanced binding affinity and metabolic stability. Also employed in cross-coupling reactions, such as Suzuki and Heck reactions, to form carbon-carbon bonds in complex molecule assembly.