Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in developing drugs that target the central nervous system, including potential treatments for neurological disorders like Parkinson's disease and depression. Additionally, it plays a role in creating anticholinergic agents, which are utilized in managing conditions such as overactive bladder and gastrointestinal spasms. Its versatility also extends to the production of antiviral and antibacterial compounds, contributing to advancements in infectious disease therapies.