Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of neuroactive compounds and nootropic agents. Its structure supports the construction of complex heterocyclic systems found in cognitive enhancers and central nervous system modulators. Commonly employed in medicinal chemistry for ring-functionalization and side-chain modifications to optimize drug candidates targeting neurological disorders. Also utilized in research settings for building constrained analogs to study structure-activity relationships in bioactive molecules.