This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various drugs. It plays a crucial role in the development of nootropic agents, which are substances known to enhance cognitive functions such as memory, creativity, and motivation. Additionally, it is used in the production of compounds that exhibit neuroprotective properties, helping to safeguard neurons from damage and degeneration. Its structural features make it valuable in creating molecules that can interact with specific receptors in the brain, contributing to treatments for neurological disorders. Furthermore, it is employed in research settings to study its potential effects on brain health and its mechanisms of action in cognitive enhancement.