Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic receptor modulators and kinase inhibitors. Its structure allows for selective derivatization, making it valuable in medicinal chemistry for creating bioactive molecules. Commonly employed in cross-coupling reactions such as Suzuki or Buchwald-Hartwig to introduce aromatic or heterocyclic moieties. Also utilized in agrochemical research for designing new active ingredients with targeted biological activity. Its ester functionality enables easy transformation into amides or carboxylic acids for further compound optimization.