Used in the synthesis of pharmaceutical intermediates, particularly in the development of neuroactive compounds. It serves as a key building block in the production of acetylcholinesterase inhibitors, which are relevant for treating neurodegenerative disorders such as Alzheimer's disease. Its structural features make it valuable in medicinal chemistry for optimizing binding affinity to central nervous system targets. Also employed in research settings to explore nicotinic receptor modulation and cognitive enhancement agents.