Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the preparation of nicotinic acid derivatives, which are explored for their potential therapeutic effects. Additionally, it finds application in the study of metabolic pathways and enzyme interactions, aiding in the discovery of new drug candidates. Its role in medicinal chemistry is significant due to its structural properties, which allow for modifications to enhance drug efficacy and bioavailability.