This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting neurological disorders, including cognitive enhancers and treatments for Alzheimer's disease. Additionally, it is employed in the production of nootropic compounds, which are designed to improve cognitive functions such as memory and focus. Its structural properties make it a valuable building block for creating complex molecules with therapeutic potential. In research, it is also used to study biochemical pathways and develop novel drug candidates.