Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of nootropic and neuroprotective drugs. It exhibits potential in enhancing cognitive function and memory retention. Its structure allows for modification to improve blood-brain barrier penetration, making it valuable in central nervous system drug design. Also investigated for use in treating neurodegenerative conditions such as Alzheimer's disease due to its ability to modulate neuronal activity and support synaptic health.