Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of nicotinic acetylcholine receptor modulators. It serves as a building block in medicinal chemistry for creating compounds with potential cognitive-enhancing and neuroprotective properties. Its structural features allow for selective derivatization, making it valuable in structure-activity relationship (SAR) studies during drug discovery. Commonly employed in the preparation of experimental treatments for neurological disorders such as Alzheimer's disease and schizophrenia.