Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic acid derivatives with potential metabolic and neurological activity. It serves as a building block in medicinal chemistry for creating compounds that modulate enzyme activity or act as precursors to bioactive molecules. Also explored in the design of antioxidants and metal chelators due to its ability to form stable complexes with transition metals. Its structural features make it useful in heterocyclic synthesis for drug discovery and development.