Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. Its structure, featuring both an ethyl group and a pyridylmethyl group, makes it valuable for developing drugs targeting the central nervous system. It is also employed in the synthesis of agrochemicals, particularly in creating compounds that act as pesticides or herbicides. Additionally, its role in coordination chemistry is notable, where it acts as a ligand to form complexes with metals, useful in catalysis and material science.