Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system agents and cognitive enhancers. It serves as a building block for nootropic drugs, where it contributes to improving cholinergic activity in the brain. Its structure supports binding to specific enzyme targets involved in neurotransmitter regulation, making it valuable in research for neurodegenerative disease treatments. Also utilized in the preparation of derivatives for structure-activity relationship (SAR) studies in medicinal chemistry.