Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents and neuroprotective compounds. Its structure supports activity in modulating neurotransmitter receptors, making it valuable in research on cognitive enhancers and treatments for neurodegenerative diseases. Also employed in the preparation of bioactive molecules due to its ability to cross the blood-brain barrier. Serves as a building block in medicinal chemistry for designing novel drug candidates with improved metabolic stability and binding affinity.