Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of quinuclidine derivatives, which are important in medicinal chemistry. It plays a role in the development of drugs targeting the central nervous system, including treatments for neurological disorders. Additionally, it is utilized in organic synthesis as a reagent for introducing specific functional groups into complex molecules, aiding in the creation of biologically active compounds. Its application extends to research laboratories where it is employed in the study of chemical reactions and the development of new therapeutic agents.