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 and Parkinson's diseases. Also employed in agrochemicals for the creation of novel pesticides due to its ability to enhance bioactivity in certain molecular frameworks. Its ester and acid functional groups allow for easy modification in multi-step organic syntheses, making it valuable in medicinal chemistry research.