Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of nootropic and neuroprotective agents. It plays a role in the preparation of racetam-class derivatives, which are known to influence cognitive function and memory. Its structure supports modification for enhanced blood-brain barrier penetration, making it valuable in central nervous system drug research. Also utilized in medicinal chemistry for structure-activity relationship studies to optimize potency and selectivity in neuroactive molecules.