Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of nicotinic receptor agonists and antagonists. Plays a role in developing drugs for neurological disorders such as Alzheimer's and Parkinson's disease. Also employed in agrochemicals for the creation of herbicides and plant growth regulators due to its ability to mimic natural plant signaling molecules. Its structural properties make it valuable in medicinal chemistry for optimizing drug potency and metabolic stability.