Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents. It plays a role in the production of nootropic drugs, which are designed to enhance cognitive function. The compound is also utilized in the preparation of chiral building blocks for drug design, taking advantage of its stereochemical properties to influence biological activity. Its structure supports derivatization for use in medicinal chemistry research, especially in creating analogs with improved pharmacokinetic profiles.