Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic acetylcholine receptor modulators. It serves as a building block for compounds targeting neurological disorders such as Alzheimer's disease, Parkinson's disease, and schizophrenia. Its structure allows for effective binding to neural receptors, making it valuable in medicinal chemistry for designing drugs that influence cognitive function and memory. Also employed in research settings to study receptor activity and signal transduction in the central nervous system.