Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of nicotinic acetylcholine receptor modulators. It serves as a building block in medicinal chemistry for creating analogs with potential cognitive-enhancing or neuroprotective properties. Also employed in research settings to design novel compounds targeting neurological disorders such as Alzheimer's and schizophrenia. Its structure allows for easy functionalization, making it valuable in structure-activity relationship (SAR) studies.