This compound is primarily used in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various pharmaceuticals, particularly those targeting the central nervous system. Its structure is often exploited in the design of ligands for nicotinic acetylcholine receptors, which are crucial in treating neurological disorders such as Alzheimer's disease, Parkinson's disease, and schizophrenia. Additionally, it has been explored in the development of analgesic and anti-inflammatory agents due to its potential interaction with specific neurotransmitter systems. Researchers also utilize it in the study of receptor binding mechanisms, aiding in the discovery of novel therapeutic compounds.