Used in pharmaceutical research as a potential serotonin receptor modulator, particularly targeting 5-HT2A and 5-HT2C receptors, which are involved in mood regulation, appetite control, and sleep. Shows promise in the development of treatments for depression, anxiety, and obesity due to its ability to influence central nervous system pathways. Also serves as a synthetic intermediate in the preparation of more complex nicotinamide derivatives with bioactive properties. Limited use in industrial applications; primarily confined to laboratory and experimental settings.