Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic acetylcholine receptor modulators. It serves as a structural scaffold in central nervous system (CNS) agents, including compounds targeting cognitive disorders and neuropathic pain. Its bicyclic framework provides favorable binding properties to neurological targets, making it valuable in medicinal chemistry for optimizing potency and selectivity. Also explored in the design of nootropic and neuroprotective drugs due to its ability to cross the blood-brain barrier efficiently.