Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of nicotinic receptor agonists and antagonists. Plays a role in the development of drugs targeting neurological disorders such as Alzheimer's and Parkinson's disease. Also employed in agrochemical formulations for crop protection agents due to its ability to enhance bioactivity in certain pesticide compounds. Its nitrile and methoxy functional groups allow for versatile chemical modifications, making it valuable in medicinal chemistry research and development.