Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the development of central nervous system (CNS) drugs, including potential treatments for neurological disorders such as Alzheimer's disease and schizophrenia. Its structure allows it to interact with specific receptors in the brain, making it a candidate for drug discovery targeting cognitive and psychiatric conditions. Additionally, it is explored in the design of ligands for nicotinic acetylcholine receptors, which play a role in addiction and memory processes. Researchers also utilize it in the study of enzyme inhibition and as a building block for creating complex heterocyclic compounds with therapeutic potential.