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 in medicinal chemistry for creating compounds with potential neurological applications, including treatments for cognitive disorders and neurodegenerative diseases. Its structure allows for easy functionalization, making it valuable in the design of bioactive molecules and in high-throughput screening for drug discovery. Also employed in the preparation of ligands for receptor binding studies due to its affinity for central nervous system targets.