Used in organic synthesis as a building block for pharmaceuticals and biologically active compounds. Serves as a key intermediate in the development of nicotinamide-related derivatives, including potential enzyme inhibitors. Applied in research for drug discovery, particularly in neuroscience and metabolic disease due to its structural similarity to coenzyme precursors. Also utilized in the preparation of ligands for receptor binding studies. Its amide and amine functionalities allow for further chemical modifications, making it valuable in medicinal chemistry and biochemical assays.