Primarily used in the pharmaceutical industry, this compound serves as an intermediate in the synthesis of various therapeutic agents. It plays a crucial role in the development of drugs targeting neurological disorders, including treatments for Alzheimer's disease and other cognitive impairments. Additionally, it is utilized in research settings to study the modulation of nicotinic acetylcholine receptors, which are essential for understanding and treating conditions related to neurotransmitter dysregulation. Its application extends to the production of agrochemicals, where it contributes to the formulation of pesticides and herbicides, aiding in crop protection and yield enhancement.