Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic receptor modulators and central nervous system agents. It serves as a building block in the preparation of compounds with potential cognitive-enhancing and neuroprotective properties. Also employed in agrochemical research for designing novel pesticides and herbicides due to its structural similarity to bioactive pyridine derivatives. Its ability to form stable complexes with metal ions makes it useful in catalysis and material science applications.