Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of nicotinic receptor modulators. Its structure supports the creation of biologically active molecules used in neurological and psychiatric disorder research. Commonly employed in medicinal chemistry for constructing dihydropyridine-based scaffolds, which are important in drug design for cognitive enhancement and neuroprotection. Also utilized in the preparation of prodrugs and enzyme inhibitors due to its favorable reactivity and stability under controlled conditions.