Used primarily as a chemical intermediate in the synthesis of pharmaceuticals and fine chemicals. It serves as a building block in the development of compounds with biological activity, particularly in the creation of nicotinic receptor ligands. Its structure supports conjugation and functionalization useful in medicinal chemistry research. Also employed in the preparation of fluorescent probes and sensors due to its ability to undergo derivatization for optical applications. Commonly found in research settings for developing new neuroactive agents and studying receptor binding mechanisms.