Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents and nicotinic receptor modulators. It serves in research for potential cognitive enhancers and treatments for neurological disorders such as Alzheimer's and schizophrenia. Its structure supports binding to neural receptors, making it valuable in medicinal chemistry for designing bioactive molecules. Also employed in the preparation of chiral catalysts for asymmetric synthesis in organic reactions.