Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It plays a significant role in the development of drugs targeting neurological disorders due to its structural similarity to nicotinamide, which is essential in cellular metabolism. Additionally, it is utilized in the study of enzyme interactions and as a building block in organic chemistry for creating complex compounds with potential therapeutic applications. Its derivatives are also explored for their anti-inflammatory and antimicrobial properties, making it valuable in medicinal chemistry.