Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system agents. It serves as a building block in the preparation of bioactive molecules due to its chiral structure and functional group compatibility. Commonly employed in medicinal chemistry for structure-activity relationship studies, especially in the design of cognitive enhancers and neurological therapeutics. Its derivatives have shown potential in targeting neurotransmitter receptors and enzymes involved in neurodegenerative conditions.