Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic acetylcholine receptor modulators. It serves as a building block for compounds targeting neurological disorders such as depression, anxiety, and cognitive impairment. Its structure allows for selective derivatization, making it valuable in medicinal chemistry for creating analogs with improved potency and selectivity. Also employed in research settings to explore structure-activity relationships in central nervous system-active agents.