Used primarily as an intermediate in organic synthesis, this compound plays a key role in the preparation of pharmaceuticals and biologically active molecules. Its structure supports the development of cyclic amines, which are common motifs in drug design. It is also employed in the synthesis of nootropic agents and derivatives with potential cognitive-enhancing effects. Additionally, it serves as a building block in the production of specialty polymers and fine chemicals where nitrogen-containing heterocycles are required. The compound’s reactivity makes it valuable in forming complex ring systems through cyclization and condensation reactions.