Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents and cognitive enhancers. It serves as a building block in the production of nootropic drugs, where its structure supports the modulation of neurotransmitter systems. Its derivatives are explored for potential use in treating neurodegenerative disorders such as Alzheimer's disease. Additionally, it finds application in the preparation of biologically active compounds due to its ability to cross the blood-brain barrier effectively.