Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic acetylcholine receptor modulators. It serves as a building block in the preparation of compounds with potential neurological applications, including treatments for cognitive disorders and neurodegenerative diseases. Also employed in the creation of radiolabeled derivatives for use in imaging studies and receptor binding assays due to the presence of iodine, which facilitates detection and tracing in biological systems. Its structure allows for easy functionalization, making it valuable in medicinal chemistry research and drug discovery.