This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological disorders. Its structure is often exploited to develop compounds that interact with nicotinic acetylcholine receptors, which are crucial in treating conditions like Alzheimer's disease, Parkinson's disease, and other cognitive impairments. Additionally, it is used in the preparation of drugs that exhibit anti-inflammatory or analgesic properties. Researchers also explore its potential in creating novel therapeutic agents due to its versatile chemical framework, which allows for modifications to enhance efficacy and selectivity.