This chemical is primarily used in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a key role in the development of compounds targeting neurological disorders, particularly those involving cognitive enhancement and neuroprotection. Additionally, it is utilized in the production of nootropic drugs, which are designed to improve memory, focus, and overall brain function. Its structural properties make it a valuable component in creating molecules with specific biological activities, particularly in the field of central nervous system research.