Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of central nervous system agents. It serves as a building block for drugs targeting neurological disorders due to its structural similarity to known bioactive molecules. Also utilized in the development of receptor ligands, especially for nicotinic acetylcholine receptors, making it valuable in research related to cognitive function and neurodegenerative diseases. Its derivatives are explored for potential antidepressant and antipsychotic activities. Commonly employed in medicinal chemistry for structure-activity relationship studies.